Luxembourg: Inflation slows in May from April
Latest reading: Harmonized consumer prices were up 4.5% in annual terms in May, following a 5.2% rise in the previous month.
Relative to the previous month’s data, there were reduced price pressures for food and non-alcoholic beverages (+1.9% in annual terms vs +2.3% in April), transportation (+14.8% vs +15.9% in April) and housing and utilities (+3.3% vs +4.4% in April). In contrast, price pressures were higher for recreation in May (+3.2% vs +2.6% in April). Finally, the change in restaurants and hotels prices was the same as in the prior month (+3.4% in May and April).
Meanwhile, consumer prices increased 2.3% in annual terms in May, following a 3.1% increase in the prior month.
Finally, harmonized consumer prices fell 0.21% in May in month-on-month terms, following a 2.01% rise in the previous month.