Luxembourg Inflation June 2021

Luxembourg

Luxembourg: Inflation eases in June

July 8, 2021

Harmonized consumer prices increased 0.30% in June over the previous month, decelerating from the 0.42% rise logged in May. Looking at the details of the release, housing and utilities prices rose at a quicker pace in June compared to the previous month and price pressures for transportation picked up pace.

Harmonized inflation came in at 3.4% in June, down from May’s 4.0%. Annual average harmonized inflation ticked up to 1.0% in June (May: 0.7%). Lastly, inflation eased to 2.2% in June, from May’s 2.5%.

FocusEconomics Consensus Forecast panelists project harmonized inflation to average 1.7% in 2021, which is up 0.5 percentage points from last month’s estimate. In 2022, they see harmonized inflation averaging 1.3%.


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Luxembourg Inflation June 2021

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


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