In May, prices increased slightly in Luxembourg. According to the National Institute of Statistics and Economic Studies (STATEC), the annual inflation rate increased from 2.1 to 2.5% last month.
At the country's service stations, drivers had to pay 3.2% more for one litre of diesel. Petrol increased by 1.4%. The difference is particularly striking when compared to May 2020. At the end of the first lockdown, fuel prices were 35.5% cheaper compared to May 2021. However, it should be considered that fuel prices were in general rather low throughout 2020.
As for groceries, particularly milk (+2.2%) and fresh fruit (+1.4%) became more expensive compared to the previous month. Another figure that stands out is the price evolution of plane tickets, which became more expensive by 13.8% between April and May alone.
