Thailand: Inflation drops to lowest level since April in August
Inflation fell to 0.4% in August, below July’s 0.8%. August’s figure represented the lowest inflation rate since April. Looking at...
Inflation in Luxembourg
Harmonized consumer price inflation averaged 2.0% in the ten years to 2022, above the Euro Area regional average of 1.8%. The 2022 average figure was 8.2%. For more inflation information, visit our dedicated page.
Luxembourg Inflation Chart
Note: This chart displays Inflation (HICP, ann. var. %, aop) for Luxembourg from 2014 to 2023.
Source: Macrobond.
Luxembourg Inflation Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Inflation (HICP, ann. var. %, aop) | 1.6 | 0.0 | 3.5 | 8.2 | 2.9 |
| Inflation (HICP, ann. var. %, eop) | 1.8 | -0.3 | 5.4 | 6.2 | 3.2 |
| Inflation (PPI, ann. var. %, aop) | -1.9 | -1.9 | 11.3 | 25.6 | 2.8 |
Harmonized inflation drops to lowest level since November 2023 in June
Harmonized inflation eased to 2.8% in June from May’s 3.2%. June's result marked the lowest inflation rate in over half a year. The decline was broad-based, with reduced price pressures recorded for food and non-alcoholic beverages, recreation, transportation, and housing and utilities. Accordingly, the trend pointed up mildly, with annual average harmonized inflation coming in at 2.9% in June (May: 2.7%). Meanwhile, consumer price inflation fell to 2.2% in June from May’s 2.6%. Lastly, harmonized consumer prices dropped 0.01% over the previous month in June, swinging from the 0.06% increase logged in May. June's result marked the weakest reading since January.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Luxembourg inflation projections for the next ten years from a panel of 10 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Luxembourg inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Luxembourg inflation projections.
Want to get access to the full dataset of Luxembourg inflation forecasts? Send an email to info@focus-economics.com.
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