Luxembourg: Harmonized inflation remains stable in October
November 17, 2022
Harmonized inflation held steady at September’s 8.8% in October. This was primarily due to increasing prices for food and non-alcoholic beverages.
Annual average harmonized inflation rose to 8.0% in October (September: 7.7%). Meanwhile, consumer price inflation was stable, coming in at September’s 6.9% in October.
Lastly, harmonized consumer prices rose 1.22% from the previous month in October, accelerating from the 0.51% increase seen in September. October’s uptick was the highest reading since June.