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%).