Luxembourg Inflation July 2019

Luxembourg

Luxembourg: Harmonized inflation edges up in July

August 7, 2019

Consumer prices fell 0.7% month-on-month in July, the lowest print in six months, after a 0.1% downturn in June. The drop largely reflected lower prices for household items and clothing amid a planned summer sale.

In July, inflation matched June’s 1.8% result, while harmonized inflation ticked up to 1.6% from 1.5%. Meanwhile, annual average inflation remained unchanged at June’s 1.8%.

FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 1.8% in 2019, which is down 0.1 percentage points from last month’s estimate, and 1.8% in 2020.


Author:, Economist

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Luxembourg Inflation July 2019 0

Note: Month-on-month and year-on-year variation of consumer prices in %.
Source: Statistical Office of Luxembourg (STATEC)


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