Luxembourg's producer prices dropped 3.8 percent from a year earlier in November 2019, following a revised 3.6 percent fall in the previous month, as costs fell for intermediate (-6.8 percent vs -6.4 percent) and consumer goods (-5.5 percent vs -5.6 percent). Meanwhile, increases were seen in prices of energy (7.3 percent vs 7.4 percent) and equipment goods (2.8 percent vs 2.9 percent). Producer Prices Change in Luxembourg averaged 2.10 percent from 1981 until 2019, reaching an all time high of 26.30 percent in April of 1982 and a record low of -14 percent in September of 2009. source: STATEC, Luxembourg
Producer Prices Change in Luxembourg is expected to be -3.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Luxembourg to stand at 1.50 in 12 months time. In the long-term, the Luxembourg Producer Prices Change is projected to trend around 2.20 percent in 2020, according to our econometric models.