Inflation in Luxembourg
Luxembourg - Harmonized Inflation
Harmonized inflation eases to an over-a-year-low in June
Consumer prices fell 0.1% month-on-month in June, contrasting May’s 0.3% upturn and largely reflecting lower oil prices.
Inflation came in at 1.8% in June, a five-month low (May: 2.1%). Meanwhile, harmonized inflation eased to 1.5% from 2.2% a month prior, its lowest point since May 2018, while annual average inflation inched down to 1.8% (May: 1.9%).
FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 1.9% in 2019, which is up 0.1 percentage points from last month’s estimate, and 1.8% in 2020.
Luxembourg - Harmonized Inflation Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Inflation Rate (HICP, annual variation in %) | 1.7 | 0.7 | 0.1 | 0.0 | 2.1 |
Luxembourg Harmonized Inflation Chart
Source: National Statistical Institute of Luxembourg.
Luxembourg Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 1.13 | 0.65 % | Jul 11 |
| Stock Market | 616 | 0.19 % | Jul 11 |
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Economic News
Luxembourg: Harmonized inflation eases to an over-a-year-low in June
July 3, 2019
Consumer prices fell 0.1% month-on-month in June, contrasting May’s 0.3% upturn and largely reflecting lower oil prices.
Luxembourg: Growth softens in Q1 amid across-the-board slowdown
June 21, 2019
Growth decelerated to 1.6% year-on-year in Q1, from Q4 2018’s revised 1.8% outturn (previously reported: +1.7% year-on-year).
Luxembourg: Unemployment rate ticks up in May
June 20, 2019
In May, the number of unemployed workers stood at 15,124, down 2.2% from April’s result, while the seasonally-adjusted unemployment rate ticked up to 5.5% (April: +5.4%) to match that of the same month last year.
Luxembourg: Harmonized inflation holds steady in May
June 5, 2019
Consumer prices rose 0.3% month-on-month in May, edging up from April’s 0.2% increase.
Luxembourg: Unemployment rate stable in April
May 21, 2019
In April, the number of unemployed workers stood at 15,453, down 1.4% from March’s result.
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