Producer Prices in Luxembourg
Luxembourg - Producer Prices
Harmonized consumer prices fall for first time in over three-and-a-half years
Consumer prices fell 0.1% over the previous month in April, following the 0.6% decrease logged in March. April’s decline largely reflected lower prices for housing and utilities, as well as for transport.
Inflation clocked in at 0.6% in April, down from March’s 0.9% print. Meanwhile, harmonized consumer prices fell 0.8% in April year-on-year, which contrasted March’s 0.3% increase and marked the first fall since August 2016. Lastly, annual average inflation inched down to 1.5% from the prior month’s 1.6%.
FocusEconomics Consensus Forecast panelists project harmonized inflation to average 0.3% in 2020, which is down 1 percentage points from last month’s estimate. In 2021, they see harmonized inflation averaging 1.4%.
Luxembourg - Producer Prices Data
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Inflation (PPI, annual variation in %) | -1.4 | -5.3 | 1.4 | 4.5 | 2.9 |
Luxembourg Producer Prices 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 consumer prices fall for first time in over three-and-a-half years
May 6, 2020
Consumer prices fell 0.1% over the previous month in April, following the 0.6% decrease logged in March.
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Luxembourg: Unemployment rate rises to over two-year high in March
April 20, 2020
In March, the number of unemployed workers came in at 18,398, which was up 10.5% from February’s figure of 16,652 and largely reflected government containment measures due to the Covid-19 pandemic.
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Luxembourg: Harmonized inflation slides in February
April 3, 2020
Consumer prices fell 0.6% over the previous month in March, contrasting February’s 1.3% rise.
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Luxembourg: Unemployment rate hits over five-year high in April
April 1, 2020
In April, the number of unemployed workers came in at 20,253, which was up 10.1% from March’s figure of 18,398 and reflected the impact of the Covid-19 crisis on employment.
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Luxembourg: Growth hits one-and-a-half-year high in Q4 2019
March 20, 2020
Growth accelerated to 3.1% year-on-year in the fourth quarter of 2019, up from the third quarter’s downwardly revised 2.8% expansion (previously reported: +3.0% year-on-year) and marking the strongest expansion since Q2 2018, according to a first estimate released by the Statistical Institute (STATEC) on 20 March.
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