Cityscape in Luxembourg

Luxembourg Inflation June 2022

Luxembourg: Inflation rises further in June

Consumer prices rose 0.76% month on month in June, up from May’s 0.13% increase. The print reflected stronger price growth for food and non-alcoholic beverages, recreation and culture, housing, water, electricity, gas and other fuels. Moreover, transport prices jumped.

Inflation, meanwhile, rose to 7.4% in June (May: 6.8%). This marked the highest print since at least January 1996. Annual average inflation rose to 4.8% in June, from May’s 4.3%. Finally, harmonized consumer price inflation rose to a series-high 10.3% in June (May: 9.1%).

Analysts at the EIU added:

“Ongoing supply-chain issues and high energy prices in Europe contributed to price growth. We expect inflation to accelerate in 2022, to 8.2%, as supply-side pressures intensify owing to materials shortages and the rising cost of fuel.”

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest