Luxembourg: Harmonized inflation declines to lowest level since July in October
Harmonized inflation eased to 2.1% in October from September’s 3.4%. October’s result marked the weakest inflation rate since July and was below the euro area average. Looking at the details of the release, prices for food and non-alcoholic beverages; housing; and recreation grew at a more moderate pace in October. Prices for transportation fell at a faster pace.
Annual average harmonized inflation fell to 3.6% in October (September: 4.1%). Meanwhile, consumer price inflation fell to 3.2% in October, from September’s 4.1%.
Lastly, harmonized consumer prices fell 0.07% from the previous month in October, contrasting September’s 0.37% rise. October’s result marked the weakest reading since July.