Inflation in Luxembourg

Luxembourg Inflation | Economic News & Forecasts

Luxembourg - Inflation

Harmonized inflation jumps in December

Consumer prices ticked up 0.1% in December after remaining unchanged in November. The figure largely reflected higher prices for recreation and culture; transport; and, food and non-alcoholic beverages, which more than offset lower prices for alcoholic beverages and tobacco, and communication.

Meanwhile, inflation increased to 1.7% in December from 1.2% in November, while harmonized inflation rose to 1.8% from 1.0%. That said, annual average inflation edged down to 1.7% from to 1.8% in November.

FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 1.7% in 2020, which is unchanged from last month’s estimate. In 2021, they see harmonized inflation averaging 1.8%.

Luxembourg - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)1.7  0.6  0.5  0.3  1.7  

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Luxembourg Inflation Chart

Luxembourg Inflation
Note: Annual variation of harmonized index of consumer prices (HICP) in %.
Source: National Statistical Institute of Luxembourg.

Luxembourg Facts

Exchange Rate1.120.65 %Dec 31

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