Producer prices in Luxembourg increased 0.4 percent year-on-year in May of 2019, up from a downwardly revised 0.2 percent rise in the previous month. Cost advanced faster for equipment goods (3.5 percent from 3.4 percent in April) while prices of intermediate goods went up 0.3 percent, rebounding from a 0.6 percent fall in the prior month. Meanwhile, inflation was steady for energy (at 9.2 percent) while cost fell further for consumer goods (-6.7 percent from -5.7 percent). On a monthly basis, producer prices showed no growth, after decreasing 0.4 percent in April. Producer Prices Change in Luxembourg averaged 2.17 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.
Producer Prices Change in Luxembourg is expected to be 0.50 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 1.10 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.