Inflation updateLuxembourg prices rise 0.6% in May, annual rate hits 2%

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Inflationary pressures intensified in Luxembourg last month as prices rose 0.6% from April, driving the annual rate to 2% with STATEC attributing the surge to automatic wage adjustments.
© AFP

The National Institute of Statistics and Economic Studies (STATEC) reported Wednesday that consumer prices rose 0.6% in May compared to April, pushing the annual inflation rate from 1.7% to 2%.

The monthly increase was driven by notable price surges across several categories, with alcoholic beverages and tobacco increasing by 0.73%, hotels and restaurants by 0.95%, and healthcare by 1.09%. Only recreational activities bucked the trend with a modest 0.13% price decrease.

STATEC attributes the inflationary pressure primarily to the wage indexation that took effect on 1 May.

LINK: Further information on STATEC’s website

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