Luxembourg Inflation April 2022

Luxembourg

Luxembourg: Inflation jumps to record-high in April

May 9, 2022

Consumer prices rose 0.82% over the prior month in April, down from March’s 1.00% increase. The print came on the back of falling clothing and footwear. Moreover, housing, water, electricity, gas and other fuels as well as transport prices rose at a softer rate.

Consumer price inflation rose to 7.0% in April from 6.1% in March. April’s reading marked the highest print since our records began in 1996. Meanwhile, harmonized inflation rose to a record-high 9.0% in April, from March’s 7.9%. Meanwhile, the trend pointed up, with annual average harmonized inflation rising to 5.4% in April (March: 4.9%).

FocusEconomics Consensus Forecast panelists project harmonized inflation to average 5.5% in 2022. In 2023, they see harmonized inflation averaging 2.3%.


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Luxembourg Inflation April 2022

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


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