Luxembourg: Harmonized inflation rises in December
Latest reading: Harmonized inflation rose to 1.6% in December, above November’s 1.1%. Looking at the details of the release, prices for recreation increased at a sharper rate and transport costs fell less than in November. That said, price growth for food and non-alcoholic beverages cooled, and housing and utilities prices dropped at a quicker pace.
Annual average harmonized inflation edged down to 2.3% in December (November: 2.4%). Meanwhile, consumer price inflation rose to 1.0% in December from November’s 0.8%.
Lastly, harmonized consumer prices rose 0.12% over the previous month in December, contrasting November’s 0.39% drop. December’s result was the highest reading since August.