Luxembourg Inflation May 2019

Luxembourg

Luxembourg: Harmonized inflation holds steady in May

June 5, 2019

Consumer prices rose 0.3% month-on-month in May, edging up from April’s 0.2% increase. The print largely reflected higher prices for oil, although they were partly buffered by lower air travel fares.

Inflation came in at 2.1% in May, a tad below April’s 2.2% print. Meanwhile, harmonized inflation remained unchanged at April’s 2.2% in May and annual average inflation edged up to 2.0% (April: 1.9%).

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


Author:, Economist

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Luxembourg Inflation May 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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