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
|Inflation (PPI, annual variation in %)||-1.4||-5.3||1.4||4.5||2.9|
5 years of economic forecasts for more than 30 economic indicators.
Luxembourg Producer Prices Chart
Source: National Statistical Institute of Luxembourg.
|Exchange Rate||1.12||0.65 %||Dec 31|
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May 6, 2020
Consumer prices fell 0.1% over the previous month in April, following the 0.6% decrease logged 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.
April 3, 2020
Consumer prices fell 0.6% over the previous month in March, contrasting February’s 1.3% rise.
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.
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.