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
2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|
Inflation Rate (HICP, annual variation in %, eop) | 0.9 | 1.6 | 1.6 | 1.9 | 1.8 |
Luxembourg Harmonized Inflation (eop) Chart

Source: National Statistical Institute of Luxembourg.
Luxembourg Facts
Value | Change | Date | |
---|---|---|---|
Exchange Rate | 1.12 | 0.65 % | Dec 31 |
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Economic News
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Luxembourg: Harmonized inflation moderates in July
August 5, 2022
Consumer prices fell 1.00% from the previous month in July, swinging from the 0.76% increase logged in June.
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Luxembourg: Retail sales fall at sharpest rate since July 2021 in May
July 22, 2022
Retail sales fell 2.5% year on year in May (April: +0.7% yoy).
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Luxembourg: Inflation rises further in June
July 6, 2022
Consumer prices rose 0.76% month on month in June, up from May’s 0.13% increase.
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Luxembourg: Economy grows at softest pace since Q4 2020 in the first quarter
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.
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Luxembourg: Harmonized inflation comes in at highest level since records began in May
June 10, 2022
Consumer prices rose 0.13% in May over the previous month, which was below April's 0.82% rise.