Cityscape in Luxembourg

Luxembourg Inflation July 2023

Luxembourg: Harmonized inflation rises in July

Harmonized inflation came in at 2.0% in July, which was up from June’s 1.0%. The figure was primarily driven by a softer increase in prices for food and non-alcoholic beverages.

Annual average harmonized inflation fell to 5.0% in July (June: 5.6%). Meanwhile, consumer price inflation rose to 3.7% in July, from the previous month’s 3.2%.

Lastly, harmonized consumer prices dropped 0.29% from the previous month in July, contrasting June’s 0.45% rise. July’s result marked the weakest reading since December 2022.

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