Annual inflation rate in Luxembourg decreased to 2.1 percent in April of 2019 from 2.2 percent in the previous month. Prices slowed for transport (2.1 percent from 1.7 percent in March); miscellaneous goods & services (2.6 percent from 2.7 percent); housing & utilities (3.1 percent from 4 percent) and furniture & household equipment (0.7 percent from 1.4 percent). On the other hand, cost advanced faster for food & non-alcoholic beverages (1.4 percent from 1.2 percent); recreation & culture (1.4 percent from 1.1 percent); restaurant & hotels (3.2 percent from 3.1 percent); clothing & footwear (0.7 percent from 0.6 percent) and alcoholic beverages & tobacco (1.9 percent from 1.7 percent). Meanwhile, inflation was steady for health (at 1.4 percent). On a monthly basis, consumer prices went up 0.2 percent, the same as in March. Inflation Rate in Luxembourg averaged 2.14 percent from 1991 until 2019, reaching an all time high of 4.99 percent in October of 2005 and a record low of -1.35 percent in January of 1999.
Inflation Rate in Luxembourg is expected to be 1.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Luxembourg to stand at 1.70 in 12 months time. In the long-term, the Luxembourg Inflation Rate is projected to trend around 1.80 percent in 2020, according to our econometric models.