Rising petrol and food pricesAnnual inflation rate in Luxembourg increases to 2.2% according to STATEC

RTL Today
The National Institute of Statistics and Economic Studies (STATEC) has announced the national consumer price index has risen by 0.1% compared with the previous month due to a rise in petroleum product and food prices.
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Following three months of consecutive decline, the tendency of petroleum products shifted so prices have picked up by 1.4% in one month. In June, one gas fill-up cost 2.5% more than a Diesel tank in May, although the gas prices only rose by 1%.

The price of heating oil increased by 4.1%, whereas the price for coal gas decreased by 1%. The price level for products derived from black gold is inferior to 1% in comparison to June in 2024.

In terms of food, current prices are higher than last May by 0.5%. Meat prices rose by 0.9% in June. This increase was particularly noticeable in the sale of pork (+2.4%), chicken (+1.8%), beef, and veal (+1.2%). Inflation also affected dried fruit and nuts (+3.1%), as well as sodas and lemonades (+2.1%).

However, other item prices on supermarket shelves decreased. In particular, mineral water prices declined (-3.1%), as did the price of eggs (-1.7%) and confectionery (-1.0%). Over one year, food prices have risen by 2.3%. Other products on supermarket shelves, such as personal hygiene items (+2.1%), also fuelled inflation in June.

After the relaunch of May caused by employees’ indexations, aggregate services detected a stability in June. Consumers spend more on holidays (+6.3%) and financial services (+1.2%). This evolution is counteracted by a seasonal effect affecting day care and after-school care (-4.2%), but also air travel (-12.6%). Over the course of one year, service prices have evolved by +2.5% in contrast to +2.6% last month.

The annual inflation rate was 2.2%, compared with 2.0% last month. The annual core inflation rate stagnated at 2.3% in June. The general index for June, measured on the basis of 100 established in 2015, stood at 125.82 points. The half-year average of the index rose from 1019.75 to 1024.27 points.

The next indexation will take effect when the value of 1038.79 is reached.

Read also: STATEC revises 2025 growth forecast down to 1% amid global uncertainty

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