Luxembourg: Harmonized consumer prices fall for first time in over three-and-a-half years
May 6, 2020
Consumer prices fell 0.1% over the previous month in April, following the 0.6% decrease logged in March. April’s decline largely reflected lower prices for housing and utilities, as well as for transport.
Inflation clocked in at 0.6% in April, down from March’s 0.9% print. Meanwhile, harmonized consumer prices fell 0.8% in April year-on-year, which contrasted March’s 0.3% increase and marked the first fall since August 2016. Lastly, annual average inflation inched down to 1.5% from the prior month’s 1.6%.
Author: Hanna Andersson, Economist