Luxembourg Inflation September 2021

Luxembourg

Luxembourg: Harmonized inflation rises in September

October 6, 2021

Consumer prices increased 0.15% over the previous month in September, which was below August's 0.97% rise. Looking at the details of the release, prices for food and non-alcoholic beverages fell in September and prices for transportation increased at a softer pace. In addition, prices for recreation and culture dropped.

Harmonized inflation came in at 4.0% in September, which was up from August’s 3.5%. September’s print marked the highest reading since November 2011. Annual average harmonized inflation edged up to 1.6% in September (August: 1.5%). Lastly, consumer price inflation rose to a near nine-year high of 2.7% in September, from the previous month's 2.5%.

FocusEconomics Consensus Forecast panelists project harmonized inflation to average 2.6% in 2021, which is up 0.2 percentage points from last month’s estimate. In 2022, they see harmonized inflation averaging 1.8%.


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Luxembourg Inflation September 2021 0

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


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