Inflation in Luxembourg
Luxembourg - Harmonized Inflation (end of period)
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 (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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August 5, 2022
Consumer prices fell 1.00% from the previous month in July, swinging from the 0.76% increase logged in June.
July 22, 2022
Retail sales fell 2.5% year on year in May (April: +0.7% yoy).
July 6, 2022
Consumer prices rose 0.76% month on month in June, up from May’s 0.13% increase.
June 15, 2022
GDP growth moderated to 4.1% year on year in the first quarter, from 4.8% in the fourth quarter of last year.
June 10, 2022
Consumer prices rose 0.13% in May over the previous month, which was below April's 0.82% rise.