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What got cheaper in July
Economics

What got cheaper in July

05.08.2015 From our online archive
There was good news for people on a budget in July as prices fell by an average 1.1 percent in Luxembourg.

(JB) There was good news for people on a budget in July as prices fell by an average 1.1 percent in Luxembourg.

According to the latest consumer price index figures, this was largely thanks to the fact that the summer sales kicked off the same month.

As a result, the average price of ready-to-wear shoes and clothing fell by 14.6 percent compared with June.

There was little change in prices for clothing compared with July 2014, however.

Also linked to sales, the cost of furniture fell by on average 5.1 percent and personal effects by 3 percent.

In July fuel prices continued to fall, dropping 2 percent compared with the month before.

But it wasn't all about savings in July. Sales and falling fuel prices helped to soften the blow of price increases elsewhere.

As is common during the school holidays, the cost of package holidays rose 3.9 percent, rents rose 0.2 percent, water costs went up 2.9 percent as did the costs of some new cars. 

And, compared to July 2014, the cost of hotels, cafés and restaurants rose by 3.97 percent.

Luxembourg's inflation rate continues to grow, up 1.6 percent since the beginning of the year. Annual inflation remained stable at 0.6 percent and the index indicator was at 121.24 points in July. 

Click here to view the July consumer price report (in French)

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