Consumer prices in Luxembourg increased 1.8 percent year-on-year in February of 2017, following a 1.7 percent rise in January. It is the highest inflation rate since July of 2013, mainly boosted by prices of transport (2.5 percent compared to 2.3 percent in January); housing and utilities (2 percent compared to 1.8 percent) and food and non-alcoholic beverages (3.5 percent compared to 2.6 percent in January). Additional upward pressure came from cost of miscellaneous goods and services (1.7 percent, the same as in January). On a monthly basis, consumer prices jumped 1.4 percent, recovering from a 0.6 percent fall in the previous month. Inflation Rate in Luxembourg averaged 2.18 percent from 1991 until 2017, 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.
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In Luxembourg, the most important category in the consumer price index is Miscellaneous Goods and Services (16.2 percent of total weight). Transport accounts for 16.1 percent; Housing and Utilities for 15.3 percent; Food and Non-Alcoholic Beverages for 11.8 percent; Recreation and Culture for 8.6 percent; Furnishings, household equipment and routine household maintenance for 7.8 percent; and Restaurants and Hotels for 7.4 percent. Clothing and Footwear; Alcoholic beverages and tobacco; Communication; Health and Education account for the remaining 16.7 percent of total weight. This page provides – Luxembourg Inflation Rate – actual values, historical data, forecast, chart, statistics, economic calendar and news. Luxembourg Inflation Rate – actual data, historical chart and calendar of releases – was last updated on March of 2017.