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.

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Luxembourg Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-10-06 10:00 AM Sep 2.7% 2.5% 2.7%
2021-11-08 10:00 AM Oct 3.6% 2.7% 3.9%
2021-12-08 10:00 AM Nov 3.6% 4.4%


Related Last Previous Unit Reference
Inflation Rate 3.60 2.70 percent Oct/21
Consumer Price Index CPI 110.45 109.47 points Oct/21
Harmonised Consumer Prices 111.75 110.40 points Oct/21
GDP Deflator 112.20 126.28 points Jun/21
Producer Prices 119.27 117.92 points Sep/21
Food Inflation 1.24 0.79 percent Oct/21
CPI Transportation 110.13 108.66 points Oct/21
CPI Housing Utilities 111.75 109.30 points Oct/21
Inflation Rate Mom 0.90 0.15 percent Oct/21
Producer Prices Change 20.40 16.90 percent Sep/21

News Stream
Luxembourg Inflation Rate Rises to Over 10-Year High
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.
2021-11-08
Luxembourg Inflation Rate Hits 9-Year High
Luxembourg’s annual inflation rate inched up to 2.7 percent in September of 2021 from 2.5 percent in the previous month. It was the steepest increase in consumer prices since October of 2012, driven by prices of housing & utilities (5.5 percent vs 4.9 percent in August); transport (6.2 percent vs 5.5 percent); furniture, household items & routine household maintenance (1.4 percent vs 1.0 percent); and hotels, restaurants & cafés (2.1 percent vs 1.8 percent). Meanwhile, prices in leisure & culture were little changed (vs -1.1 percent in August). On a monthly basis, consumer prices went up 0.2 percent, following a 1.0 percent gain in the prior month.
2021-10-06
Luxembourg Inflation Rate Back to 9-Year High
Luxembourg's consumer inflation rose to 2.5 percent in August of 2021 from 2.3 percent in the previous month, and back to levels not seen in nearly 9 years. Prices increased at a fast pace for transports (5.51 percent vs 5.36 percent in July); housing & utilities (4.92 percent vs 4.5 percent); food & non-alcoholic beverages (1.23 percent vs 0.84 percent) and clothing & footwear (0.8 percent vs 0.2). Meanwhile, prices in the communications sector continue to sink at a softer pace (-1.67 percent coming from -5.31 percent in May). On a monthly basis, inflation surged by 1 percent, rebounding from a 0.4 percent fall in July.
2021-09-08

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.