Luxembourg: Harmonized consumer prices post greatest decline since May in October
Consumer prices dropped a seasonally-adjusted 0.03% in October over the previous month, a more moderate decrease than September’s 0.07% fall.
Harmonized consumer prices fell 0.4% on an annual basis in October, matching September’s result and the largest decline in prices since May. Moreover, inflation was stable in October, coming in at September’s 0.7%, while annual average inflation remained at September’s 1.0% in October.