Inflation in Luxembourg

Luxembourg Harmonized Inflation | Economic News & Forecasts

Luxembourg - Harmonized Inflation

Harmonized inflation moderates in July

Consumer prices fell 1.00% from the previous month in July, swinging from the 0.76% increase logged in June. July's result marked the sharpest fall in prices since July 2016. Looking at the details of the release, housing and utilities prices dropped in July compared to the previous month and price pressures for transportation dropped.

Harmonized inflation came in at 9.3% in July, down from June’s 10.3%. Meanwhile, the trend pointed up, with annual average harmonized inflation coming in at 5.1% in July (June: 4.8%). Lastly, consumer price inflation fell to 6.8% in July, from the previous month's 7.4%.

FocusEconomics Consensus Forecast panelists project harmonized inflation to average 7.1% in 2022. In 2023, they see harmonized inflation averaging 2.8%.

Luxembourg - Harmonized Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (HICP, annual variation in %)0.1  0.0  2.1  2.0  1.7  

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Luxembourg Harmonized Inflation Chart


Luxembourg Inflation
Note: Annual variation of harmonized index of consumer prices (HICP) in %.
Source: National Statistical Institute of Luxembourg.

Luxembourg Facts

Value Change Date
Exchange Rate1.120.65 %Dec 31

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