Cityscape in Luxembourg

Inflation in Luxembourg

Luxembourg Inflation

Harmonized inflation moderates in June

Harmonized inflation dropped to 1.0% in June below May’s 2.0%. June’s figure marked the lowest inflation rate since February 2021. Looking at the details of the release, food and housing inflation moderated in June while prices for transportation declined at a quicker rate.

Annual average harmonized inflation fell to 5.6% in June (May: 6.4%). Meanwhile, consumer price inflation fell to 3.2% in June, from May’s 3.6%.

Finally, harmonized consumer prices increased 0.45% from the previous month in June, swinging from May’s 0.19% fall.

Luxembourg Inflation Chart

This chart displays Inflation (HICP, ann. var. %, aop) for Luxembourg from 2013 to 2022.

Luxembourg Inflation Data

2018 2019 2020 2021 2022
Inflation (HICP, ann. var. %, aop) 2.0 1.6 0.0 3.5 8.2
Inflation (HICP, ann. var. %, eop) 1.9 1.8 -0.3 5.4 6.2
Inflation (PPI, ann. var. %, aop) 4.6 -1.9 -1.9 11.3 25.6

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