Producer Prices in Luxembourg

Luxembourg Producer Prices | Economic News & Forecasts

Luxembourg - Producer Prices

Harmonized inflation moderates in July

Consumer prices fell 1.00% from the previous month in July, swinging from the 0.76% increase logged in June. July's result marked the sharpest fall in prices since July 2016. Looking at the details of the release, housing and utilities prices dropped in July compared to the previous month and price pressures for transportation dropped.

Harmonized inflation came in at 9.3% in July, down from June’s 10.3%. Meanwhile, the trend pointed up, with annual average harmonized inflation coming in at 5.1% in July (June: 4.8%). Lastly, consumer price inflation fell to 6.8% in July, from the previous month's 7.4%.

FocusEconomics Consensus Forecast panelists project harmonized inflation to average 7.1% in 2022. In 2023, they see harmonized inflation averaging 2.8%.

Luxembourg - Producer Prices Data

2015   2016   2017   2018   2019  
Inflation (PPI, annual variation in %)-5.3  1.4  4.5  2.9  -1.8  

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Luxembourg Producer Prices Chart


Luxembourg PPI
Note: Annual variation of producer price index (PPI) in %.
Source: National Statistical Institute of Luxembourg.

Luxembourg Facts

Value Change Date
Exchange Rate1.120.65 %Dec 31

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