Food prices continue to rise in Luxembourg, according to the latest national consumer price index calculated by the National Institute of Statistics and Economic Studies (STATEC).
STATEC's latest publication confirms that the prices of food items have once again increased between April and May.
Among the products that have seen the most significant increases are fish and seafood (+3%), fats and oils (+4.8%), as well as coffee, the price of which has practically skyrocketed (+5.9%).
Fortunately, it is not all bad news: The price of some products decreased between April and May. This is the case for fresh vegetables (-10.5%) and soft drinks (-1.5%).
But overall, the situation has remained the same since February. Over a one-year-period, food prices have increased by 5.7% in Luxembourg.
On the other hand, the price of town gas has fallen by a staggering 20%. This is due to the fact that the government has been covering the costs of natural gas networks since 1 May.
The price of petroleum products also decreased between April and May (-3.9%), even though fuel prices continued to rise.
According to STATEC, the price of diesel rose by 3% over the same period, while the price of petrol has gone through the roof (+6.5%). The conclusion becomes even clearer when one compares the price level in May 2022 with that of the previous year: +49.7%.
In its latest publication, STATEC indicates that the annual inflation rate was down from 7.0% to 6.8% in May 2022.