Inflation in Luxembourg
Luxembourg - Harmonized Inflation (end of period)
Harmonized inflation comes in at highest level since December 2011 in April
Consumer prices rose 0.05% from the previous month in April, slowing down from March's 1.41% increase. The result was driven by falling prices for food and non-alcoholic beverages and housing and utilities. In addition, prices for recreation and culture dropped.
inflation came in at 2.1% in April from the previous month's 2.0% increase. Annual average harmonized inflation rose to 0.9% in April (March: 0.8%). Lastly, harmonized inflation rose to 3.3% in April from March’s 2.5%. April's reading was the highest inflation rate since December 2011
FocusEconomics Consensus Forecast panelists project harmonized inflation to average 1.7% in 2021, which is up 0.5 percentage points from last month’s estimate. In 2022, they see harmonized inflation averaging 1.3%.
Luxembourg - Harmonized Inflation (eop) Data
|Inflation Rate (HICP, annual variation in %, eop)||0.9||1.6||1.6||1.9||1.8|
5 years of economic forecasts for more than 30 economic indicators.
Luxembourg Harmonized Inflation (eop) Chart
Source: National Statistical Institute of Luxembourg.
|Exchange Rate||1.12||0.65 %||Dec 31|
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May 6, 2021
Consumer prices rose 0.05% from the previous month in April, slowing down from March's 1.41% increase.
April 23, 2021
In March, the number of unemployed workers came in at 18,689, which was down 4.0% from February’s result of 19,476.
April 15, 2021
Consumer prices increased 1.41% over the previous month in March, swinging from February's 0.69% fall.
March 22, 2021
In February, the number of unemployed workers came in at 19,476, which was down 2.0% from January’s result of 19,882.
March 17, 2021
The economy returned to growth in the fourth quarter of last year, with GDP expanding 1.4% year-on-year after flatlining in the third quarter.