Luxembourg’s annual inflation rate jumped to 3.6 percent in October of 2021 from 2.7 percent in the previous month, pointing to the highest inflation rate since May of 2011. Main upward pressure came from prices of housing & utilities (7.8 percent vs 5.5 percent in September); transport (7.8 percent vs 6.2 percent); food & non-alcoholic beverages (1.2 percent vs 0.8 percent); hotels, restaurants & cafés (2.6 percent vs 2.1 percent); and miscellaneous goods & services (2.5 percent vs 2.2 percent). On a monthly basis, consumer prices advanced 0.9 percent, quickening from a 0.2 percent gain in the prior month. source: STATEC, Luxembourg
Inflation Rate in Luxembourg averaged 2.09 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 November of 2021.
Inflation Rate in Luxembourg is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Luxembourg Inflation Rate is projected to trend around 1.30 percent in 2022 and 2.00 percent in 2023, according to our econometric models.