Producer Prices in Luxembourg
Luxembourg - Producer Prices
Inflation accelerates in August
Harmonized consumer prices rose 1.07% month-on-month in August, swinging from the 0.39% drop recorded in the prior month. The print was influenced by the end of seasonal discounts as well as rising food prices and an increase in the price levels of furnishings, household equipment and routine household maintenance, and recreation and culture.
Harmonized inflation rose to a three-month high of 3.5% in August from 3.3% in July, with annual average harmonized inflation rising to 1.6% in the month from 1.3% in the prior month. Lastly, consumer price inflation rose to 2.5% in August from 2.3% from July.
FocusEconomics Consensus Forecast panelists project harmonized inflation to average 2.6% in 2021, which is up 0.2 percentage points from last month’s estimate. In 2022, they see harmonized inflation averaging 1.8%.
Luxembourg - Producer Prices Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Inflation (PPI, annual variation in %) | -5.3 | 1.4 | 4.5 | 2.9 | -1.8 |
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: Inflation accelerates in August
September 8, 2021
Harmonized consumer prices rose 1.07% month-on-month in August, swinging from the 0.39% drop recorded in the prior month.
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Luxembourg: Unemployment rate drops to 16-month low in June
August 20, 2021
In July, the number of unemployed workers came in at 16,807, which was up 2.5% from June’s result of 16,402.
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Luxembourg: Inflation eases in July
August 5, 2021
Harmonized consumer prices dropped 0.40% in July over the previous month, swinging from the 0.30% rise logged in June.
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Luxembourg: Unemployment rate tricks down in June
July 20, 2021
In June, the number of unemployed workers came in at 16,402, which was down 5.4% from May’s result of 17,340.
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Luxembourg: Inflation eases in June
July 8, 2021
Harmonized consumer prices increased 0.30% in June over the previous month, decelerating from the 0.42% rise logged in May.
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