The inflation rate in Luxembourg rose to 1.7 percent year-on-year in December 2019 from 1.2 percent in the previous month, with upward pressure coming from: transport (2.3 percent); miscellaneous goods and services (1.5 percent); housing, water, electricity, gas and other fuels (1.0 percent); food and non-alcoholic beverages (1.2 percent); furnishings, household equipment and routine household maintenance (1.3 percent); recreation and culture (3.4 percent); and restaurants and hotels (2.3 percent). On a monthly basis, consumer prices edged up 0.1 percent. Inflation Rate in Luxembourg averaged 2.13 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 1.40 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 1.60 in 12 months time. In the long-term, the Luxembourg Inflation Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.

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Luxembourg Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.70 1.20 4.99 -1.35 1991 - 2019 percent Monthly
2015=100


Calendar GMT Actual Previous Consensus TEForecast
2019-10-04 09:30 AM Sep 1.3% 1.7% 1.7%
2019-11-06 10:30 AM Oct 1.2% 1.3% 1.2%
2019-12-04 10:30 AM Nov 1.2% 1.2% 1.3%
2020-01-10 11:00 AM Dec 1.7% 1.2% 1.4%
2020-02-14 10:30 AM Jan 1.7% 1.6%


News Stream
2019-12-04
Luxembourg Annual Inflation Rate Steady at 1.2% in November
The annual inflation rate in Luxembourg stood at 1.2 percent in November of 2019, unchanged from the previous month. It remained the lowest inflation since April of 2018, as prices slowed for transport (1.0 percent vs 1.2 percent in October); food & non-alcoholic beverages (0.3 percent vs 0.6 percent) and communication (a flat reading vs 1.0 percent). On the other hand, housing & utilities cost came flat after a 0.1 percent fall in October while prices advanced faster for miscellaneous goods & services (1.7 percent vs 1.5 percent); furniture & household equipment (2.0 percent vs 1.8 percent); restaurants & hotels (2.2 percent vs 2.0 percent); clothing & footwear (1.7 percent vs 1.2 percent) and alcoholic beverages & tobacco (3.0 percent from 2.1 percent). At the same time, inflation was steady for recreation & culture (at 2.1 percent); health (at 0.9 percent) and education (at 1.0 percent). On a monthly basis, consumer prices showed no growth for the second consecutive month.

2019-11-06
Luxembourg Inflation Rate at 1-1/2-Year Low
Annual inflation rate in Luxembourg decreased to 1.2 percent in October 2019 from 1.3 percent in the previous month. It was the lowest inflation since April of 2018, as cost slowed for transport (1.2 percent from 1.3 percent in September); miscellaneous goods & services (1.5 percent from 1.6 percent); food & non-alcoholic beverages (0.6 percent from 0.9 percent); alcoholic beverages & tobacco (2.1 percent from 2.3 percent) and communication (1 percent from 1.7 percent). On the other hand, prices advanced faster for furniture & household equipment (1.8 percent from 1.4 percent); recreation & culture (2.1 percent from 1.6 percent); restaurant & hotels (2 percent from 1.9 percent) and clothing & footwear (1.2 percent from 1 percent). Meanwhile, inflation was steady for health (at 0.9 percent) and education (at 1 percent) while prices fell for housing & utilities (-0.1 percent from 0.6 percent).

2019-10-04
Luxembourg Inflation Rate at 14-Month Low of 1.3%
Annual inflation rate in Luxembourg fell to 1.3 percent in September of 2019 from 1.7 percent in the previous month. It was the lowest inflation since April of 2018, as cost slowed for transport (1.3 percent from 1.4 percent in August); miscellaneous goods & services (1.6 percent from 1.8 percent); housing & utilities (0.6 percent from 1.3 percent); food & non-alcoholic beverages (0.9 percent from 1.6 percent); recreation & culture (1.6 percent from 1.8 percent); restaurant & hotels (1.9 percent from 2.3 percent) and education (1 percent from 9 percent). Meanwhile, inflation was steady for health (at 0.9 percent) while prices advanced faster for furniture & household equipment (1.4 percent from 1.3 percent); clothing & footwear (1 percent from 0.9 percent); alcoholic beverages & tobacco (2.3 percent from 2.1 percent) and communication (1.7 percent from 1 percent).On a monthly basis, consumer prices were down 0.2 percent, after a 1.2 percent gain in August.

2019-06-05
Luxembourg Annual Inflation Rate Steady at 2.1% in May
The annual inflation rate in Luxembourg stood at 2.1 percent in May 2019, unchanged from the previous month. Prices slowed for transport (1.9 percent vs 2.1 percent in April); housing & utilities (2.8 percent vs 3.1 percent); recreation & culture (1.2 percent vs 1.4 percent); restaurants & hotels (3.0 percent vs 3.2 percent) and health (1.1 percent vs 1.4 percent). Meantime, inflation was steady for miscellaneous goods & services (at 2.3 percent) while prices advanced faster for food & alcoholic beverages (1.5 percent vs 1.4 percent); furniture & household equipment (0.8 percent vs 0.7 percent); clothing & footwear (1.0 percent vs 0.7 percent) and for alcoholic beverages & tobacco (2.3 percent vs 1.9 percent. On a monthly basis, consumer prices went up 0.3 percent, easing from a 0.7 percent rise in April.

2019-05-08
Luxembourg Inflation Rate Slows to 2.1%
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.

2019-04-03
Luxembourg Inflation Rate at 4-Month High of 2.2%
Annual inflation rate in Luxembourg edged up to 2.2 percent in March of 2019 from 2.1 percent in the previous month. It was the highest inflation rate since November, as cost rose faster for transport (1.7 percent from 0.8 percent in January); housing & utilities (4.0 percent from 3.7 percent); furniture & household equipment (1.4 percent from 0.8 percent); clothing & footwear (0.6 percent from 0.5 percent) and for health (1.4 percent from 1.2 percent). Meanwhile, inflation was steady for restaurants & hotels (at 3.1 percent) while slowed for miscellaneous goods & services (2.7 percent from 3.0 percent); food & non-alcoholic beverages (1.2 percent from 2.4 percent); recreation & culture (1.1 percent from 1.4 percent) and for alcoholic beverages & tobacco (1.7 percent from 1.9 percent). On a monthly basis, consumer prices went up 0.2 percent compared to a 1.5 percent rise in January.


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.

Luxembourg Prices Last Previous Highest Lowest Unit
Inflation Rate 1.70 1.20 4.99 -1.35 percent [+]
Harmonised Consumer Prices 106.68 106.56 106.68 65.25 points [+]
Consumer Price Index CPI 106.08 105.93 106.08 95.06 points [+]
Core Consumer Prices 106.09 105.91 106.09 70.84 points [+]
Core Inflation Rate 1.80 1.70 2.90 -1.60 percent [+]
GDP Deflator 120.66 120.18 122.47 74.01 points [+]
Producer Prices 103.52 104.91 109.22 48.89 points [+]
Inflation Rate Mom 0.14 0.04 1.90 -1.66 percent [+]
Producer Prices Change -3.80 -3.60 26.30 -14.00 percent [+]
Cpi Housing Utilities 105.36 105.31 105.74 97.48 points [+]
CPI Transportation 105.18 104.82 105.40 98.21 points [+]
Food Inflation 1.22 0.29 6.25 -1.14 percent [+]