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Luxembourg inflation stable at 1.8%
Luxembourg

Luxembourg inflation stable at 1.8%

11.09.2013 From our online archive
Luxembourg's inflation rate stayed largely stable in August, compared to the same month last year, with the variation between July and August 2013 mainly due to the end of summer sales.

(CS) Luxembourg's inflation rate stayed largely stable in August, compared to the same month last year, with the variation between July and August 2013 mainly due to the end of summer sales.

Inflation dropped in July because of the annual sale, with August seeing inflation bounce back by 1.46 percent to a value of 1.8 percent. Outside of the sales, the inflation rate only increased by 0.19 percent between July and last month.

For the third month in a row, petroleum products became more expensive. However, the price remains below the level of last year. On top of the increase in cost of both diesel and petrol, motorists had to face a 1.4 percent increase in tyre costs.

Year on year the biggest price increases were recorded in foodstuffs and non-alcoholic drinks, as well as alcoholic drinks and tobacco.

Fresh fruit and vegetables, however, were cheaper in August 2013 than the month before, but nonetheless over 5.5 percent more expensive than the same month last year.

Only communications saw a decrease in price between August this year and August 2012, possibly because of lower roaming charges under a new EU directive. Month on month all indicators increased slightly, but only furnishing and household equipment, as well as clothes and shoes increased by more than 1 percent.