Inflation in Luxembourg

Luxembourg Harmonized Inflation | Economic News & Forecasts

Luxembourg - Harmonized Inflation

Inflation accelerates in August

Harmonized consumer prices rose 1.07% month-on-month in August, swinging from the 0.39% drop recorded in the prior month. The print was influenced by the end of seasonal discounts as well as rising food prices and an increase in the price levels of furnishings, household equipment and routine household maintenance, and recreation and culture.

Harmonized inflation rose to a three-month high of 3.5% in August from 3.3% in July, with annual average harmonized inflation rising to 1.6% in the month from 1.3% in the prior month. Lastly, consumer price inflation rose to 2.5% in August from 2.3% from July.

FocusEconomics Consensus Forecast panelists project harmonized inflation to average 2.6% in 2021, which is up 0.2 percentage points from last month’s estimate. In 2022, they see harmonized inflation averaging 1.8%.

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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