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.