Luxembourg: Harmonized consumer prices fall at a softer pace in June
July 8, 2020
Consumer prices rose a seasonally-adjusted 0.49% over the previous month in June, rebounding from May’s 0.15% drop. June’s reading largely reflected increasing prices for transport as well as for culture and recreation.
Inflation increase to 0.7% in June from 0.2% in May. Meanwhile, harmonized consumer prices declined 0.4% in June, a softer decease compared to May’s 1.6% drop. Lastly, annual average inflation fell to 1.2% in June (May: 1.3%).
Author: Hanna Andersson, Economist