Cityscape in Luxembourg

Luxembourg Inflation October 2023

Luxembourg: Harmonized inflation declines to lowest level since July in October

Harmonized inflation eased to 2.1% in October from September’s 3.4%. October’s result marked the weakest inflation rate since July and was below the euro area average. Looking at the details of the release, prices for food and non-alcoholic beverages; housing; and recreation grew at a more moderate pace in October. Prices for transportation fell at a faster pace.

Annual average harmonized inflation fell to 3.6% in October (September: 4.1%). Meanwhile, consumer price inflation fell to 3.2% in October, from September’s 4.1%.

Lastly, harmonized consumer prices fell 0.07% from the previous month in October, contrasting September’s 0.37% rise. October’s result marked the weakest reading since July.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest