Latest reading: Consumer prices increased 10.9% in annual terms in May, following a 10.7% increase in the prior month. May’s...
Inflation in Luxembourg
Harmonized consumer price inflation averaged 2.1% in the ten years to 2024. The 2024 average figure was 2.3%. For more inflation information, visit our dedicated page.
Luxembourg Inflation Chart
Note: This chart displays Inflation (HICP, ann. var. %, aop) for Luxembourg from 2014 to 2025.
Source: Macrobond.
Luxembourg Inflation Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Inflation (HICP, ann. var. %, aop) | 3.5 | 8.2 | 2.9 | 2.3 | 2.5 |
| Inflation (HICP, ann. var. %, eop) | 5.5 | 6.2 | 3.2 | 1.6 | 3.3 |
| Inflation (PPI, ann. var. %, aop) | -2.3 | 32.0 | 2.2 | -7.3 | 0.7 |
Inflation picks up in April from March
Latest reading: Harmonized consumer prices were up 5.2% in annual terms in April, following a 3.8% rise in the previous month. April's reading was the strongest since January 2023. Relative to the previous month's data, there were higher price pressures for transportation (+15.9% in annual terms vs +8.3% in March), housing and utilities (+4.4% vs +1.7% in March) and restaurants and hotels (+3.4% vs +2.9% in March). In contrast, there were reduced price pressures for food and non-alcoholic beverages (+2.3% vs +2.7% in March) and recreation (+2.6% vs +4.8% in March). Meanwhile, consumer prices were up 3.1% on a year-on-year basis in April, following a 2.4% increase in the previous month. Lastly, harmonized consumer prices increased 2.01% in April in month-on-month terms, following a 1.79% rise in the previous month.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Luxembourg inflation projections for the next ten years from a panel of 8 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Luxembourg inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Luxembourg inflation projections.
Want to get access to the full dataset of Luxembourg inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
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Romania: Inflation accelerates in May from April -
Argentina: Inflation accelerates in May from the prior month Latest reading: Consumer prices rose 33.2% in annual terms in May, following a 32.4% rise in the prior month. May’s... -
Czech Republic: Inflation eases in May from April Latest reading: Consumer prices rose 2.1% on a year-on-year basis in May, following a 2.5% increase in the previous month.... -
Ukraine: Inflation slows in May from the prior month Latest reading: Consumer prices rose 8.2% in annual terms in May, following a 8.6% increase in the prior month. Relative... -
Chile: Inflation eases in May from the prior month Latest reading: Consumer prices were up 3.9% in annual terms in May, following a 4.0% rise in the prior month.... -
Russia: Inflation eases in May from April Latest reading: Consumer prices were up 5.3% in annual terms in May, following a 5.6% rise in the prior month.... -
United States: Inflation picks up in May from the prior month Latest reading: Consumer prices were up 4.2% on a year-on-year basis in May, following a 3.8% increase in the previous...