Luxembourg's consumer price inflation rose to 2.5 percent in May of 2021, from 2.1 percent in April 2021. It was the highest inflation rate since November of 2012 amid low base effects from last year when inflation was 0.2 percent. Prices accelerated for housing & utilities (4.94 percent vs 4.03 percent in April), transport (6.66 percent vs 5.72 percent), alcoholic beverages and tobacco (2.04 percent vs 0.34 percent) and rebounded for food & non-alcoholic beverages (0.22 percent vs -0.52 percent). On the other hand, prices increased less for health (1.08 percent vs 1.11 percent) and clothing & footwear (0.86 percent vs 1.32 percent) and deflation deepened in the communication sector (-5.31 percent vs -4.92 percent). On a monthly basis, inflation reached to 0.3, accelerating from 0.05 percent in the month prior. source: STATEC, Luxembourg

Inflation Rate in Luxembourg averaged 2.08 percent from 1991 until 2021, 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. This page provides - Luxembourg Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Luxembourg Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.

Inflation Rate in Luxembourg is expected to be 2.70 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 2.10 in 12 months time. In the long-term, the Luxembourg Inflation Rate is projected to trend around 1.90 percent in 2022 and 2.00 percent in 2023, according to our econometric models.

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Luxembourg Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.50 2.10 4.99 -1.35 1991 - 2021 percent Monthly

Calendar GMT Actual Previous Consensus TEForecast
2021-03-05 10:55 AM Feb -0.1% 1.9% 2%
2021-04-07 10:30 AM Mar 2.0% -0.1% 0.6%
2021-05-05 09:30 AM Apr 2.1% 2.0% 2.1%
2021-06-09 10:00 AM May 2.5% 2.1% 2.4%
2021-07-07 09:00 AM Jun 2.5%
2021-08-04 09:00 AM Jul
2021-09-08 09:00 AM Aug
2021-10-06 09:00 AM Sep

News Stream
Luxembourg Inflation Rate at Nearly 2-Year High
Luxembourg's consumer prices jumped by 2.1 percent from a year earlier in April of 2021, the most since May of 2019. Prices surged for housing & utilities (4.03 percent vs 1.98 percent in March) and transports (5.72 percent vs 4.06 percent). Nevertheless, food & non-alcoholic beverages prices declined for the first time in 6 years (-0.53 percent vs 1.24 percent), while deflation deepened in the communications sector (-4.92 percent vs -3.17 percent). On a monthly basis, inflation was barely flat at 0.05 percent, easing from the 1.4 percent advance in the month prior.
Luxembourg Consumer Prices Surge by 2%
Luxembourg's consumer prices surged by 2 percent from a year earlier in March of 2021, the most for 22 months, reversing a 0.1 percent decline in the previous month. Main upward pressure came from the prices of food and non-alcoholic beverages (1.24 percent vs 0.91 percent in February), clothing & footwear (0.96 percent vs -15.3 percent), housing & utilities (1.98 percent vs 0.55 percent) and transport (4.06 percent vs -0.56 percent). Meanwhile, communication was the only sector reporting a cost decline (-3.17 percent vs -3.11 percent). On a monthly basis, consumer prices rose by 1.4 percent in March, after decreasing by 0.7 in the prior month.
Luxembourg Consumer Prices Fall for 1st Time Since 2016
Luxembourg's consumer prices fell 0.1 percent from a year earlier in February of 2021, the first annual decrease since July 2016 and compared with a 1.9 percent increase in the previous month, led by declines in cost for transport (-0.6 percent), furnishings, household equipment and routine household maintenance (-0.6 percent), and clothing & footwear (-15.3 percent) due to winter sales. Meanwhile, prices increased for food and non-alcoholic beverages (0.9 percent), housing and utilities (0.6 percent), recreation and culture (1.4 percent), restaurants and hotels (1.9 percent), and miscellaneous goods and services (1.9 percent). On a monthly basis, consumer prices went down 0.7 percent in February, following a 0.7 percent increase in the previous month.
Luxembourg Inflation Rate at 1-Year High
Luxembourg's annual inflation rate rose to 1.9 percent in January of 2021 from 0.6 percent n the previous month, due to a surge in clothing & footwear prices (20.7 percent vs 0.4 percent in December) as winter sales this year happened in February instead of January. Also, prices increased at a faster pace for furnishings, household equipment & routine household maintenance (2.4 percent vs 0.8 percent), and recreation & culture (3.1 percent vs 1.8 percent). Additionally, inflation eased for food & non-alcoholic beverages (1.2 percent vs 1.8 percent), and prices sunk at a softer pace for housing & utilities (-0.9 percent vs -1.1 percent) and transportation (-1.9 percent vs -2.3 percent). On a monthly basis, consumer prices went up 0.7 percent, following a 0.3 percent increase in the previous month. Inflation is expected to rise to 1.7 percent in 2021, supported by higher oil prices, and edge up to 1.8 percent in 2022.

Luxembourg Inflation Rate
In Luxembourg, the most important category in the consumer price index is Transport (16.2 percent of total weight). Miscellaneous Goods and Services accounts for 15.8 percent; Housing and Utilities for 15.2 percent; Food and Non-Alcoholic Beverages for 12.2 percent; Furnishings, household equipment and routine household maintenance for 8.4 percent; Recreation and Culture for 7.9 percent and Restaurants and Hotels for 7.1 percent. Clothing and Footwear; Alcoholic beverages and tobacco; Communication; Health and Education account for the remaining 24.3 percent of total weight.