Luxembourg Inflation March 2019


Luxembourg: Harmonized inflation edges up in March

April 3, 2019

Consumer prices rose 0.2% month-on-month in March, decelerating from February’s 1.5% increase. The print largely reflected higher prices for oil-products more than offsetting lower prices for food, and recreation and culture.

Inflation came in at 2.2% in March, a tad above February’s 2.1% result. In addition, harmonized inflation increased to 2.4% in March, compared to 2.1% in the previous month. Meanwhile, annual average inflation increased from February’s 1.7% to 1.8% in March.

FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 1.7% in 2019, which is unchanged from last month’s estimate, and 1.8% in 2020.

Author:, Economist

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Luxembourg Inflation Chart

Luxembourg Inflation March 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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