Latest reading: Harmonized consumer prices increased 3.2% in annual terms in June, following a 3.7% rise in the previous month....
Inflation in Luxembourg
Harmonized consumer price inflation averaged 2.1% in the ten years to 2024. The 2024 average figure was 2.3%. 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 2025.
Source: Macrobond.
Luxembourg Inflation Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Inflation (HICP, ann. var. %, aop) | 3.5 | 8.2 | 2.9 | 2.3 | 2.5 |
| Inflation (HICP, ann. var. %, eop) | 5.5 | 6.2 | 3.2 | 1.6 | 3.3 |
| Inflation (PPI, ann. var. %, aop) | -2.3 | 32.0 | 2.2 | -7.3 | 0.7 |
Inflation slows in May from April
Latest reading: Harmonized consumer prices were up 4.5% in annual terms in May, following a 5.2% rise in the previous month. Relative to the previous month's data, there were reduced price pressures for food and non-alcoholic beverages (+1.9% in annual terms vs +2.3% in April), transportation (+14.8% vs +15.9% in April) and housing and utilities (+3.3% vs +4.4% in April). In contrast, price pressures were higher for recreation in May (+3.2% vs +2.6% in April). Finally, the change in restaurants and hotels prices was the same as in the prior month (+3.4% in May and April). Meanwhile, consumer prices increased 2.3% in annual terms in May, following a 3.1% increase in the prior month. Finally, harmonized consumer prices fell 0.21% in May in month-on-month terms, following a 2.01% rise in the previous month.
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 9 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.
Latest Global Inflation News
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Austria: Inflation decelerates in June from the prior month -
Estonia: Inflation eases in June Latest reading: Harmonized consumer prices were up 2.0% in annual terms in June, following a 3.6% increase in the prior... -
Finland: Inflation eases in June from May Latest reading: Harmonized consumer prices increased 2.7% in annual terms in June, following a 2.8% rise in the prior month.... -
Dominican Republic: Inflation rises further above threshold in June Latest reading: Consumer prices rose 5.7% in annual terms in June, following a 5.3% increase in the previous month. June’s... -
Ecuador: Inflation accelerates in June from May Latest reading: Consumer prices rose 1.7% in annual terms in June, following a 0.9% increase in the prior month. Relative... -
United States: Inflation eases in June from the prior month Latest reading: Consumer prices increased 3.5% on a year-on-year basis in June, following a 4.2% rise in the previous month.... -
Denmark: Inflation stabilizes in June Latest reading: Consumer prices rose 1.9% in annual terms in June, unchanged from the prior month’s reading and significantly below...