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Unemployment July 2018Inflation rate August 2018Population 1.1.2018GDP growth 2006Public debt 2017

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The CSS notes with satisfaction that three of the themes from its 2017 opinion have become the three flagship projects of the Institute: overhaul of the national accounts for 2023, establishment of a cell dedicated to large companies ("Large case unit "), and strengthening information security with audit in 2019. The Board encourages these major projects.
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In August, the consumer price index rose by 1.4% compared to the previous month, mainly due to the end of summer sales. By offsetting variations due to summer sales, the prices of goods and services excluding petroleum products increased by 0.4%.
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After a remarkable year in 2017, economic growth in the euro zone was slower over the first half of 2018 overall. The expansionary cycle is continuing, albeit at a more moderate pace but still higher than trend growth.
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This represents a drop of 942 in July, which particularly benefits job seekers under the age of 30 and the low-skilled. The unemployment rate stands at 5.5% in July.
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New small scale models at STATEC
09-08-2018 | STATEC

Eco et stat

A recent study presents small-scale dynamic factor models for the Luxembourgish economy. The models are highly adapted to the specificities of the national economy. The results are encouraging: the performance of dynamic factor models is superior to that of various alternatives.
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In July 2018, the consumer price index fell by 0.7% compared to the previous month. This decline is explained by the price reductions offered during the summer sales. By offsetting these changes and excluding petroleum products, prices for other goods and services increased 0.3%. The results for July trigger the indexation of salaries leading to the increase of 2.5% wages, salaries and pensions on August 1, 2018.
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Inflation continues its recovery started in early 2018 and should reach 2% from the fourth quarter. This movement is explained by the continuous rise in oil prices since the summer of 2017. The underlying inflation rate is currently at its lowest, but should rise over the coming months. According to STATEC forecasts, core inflation would accelerate from 1.0% over 2018 to 1.8% in 2019.
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The indicator that is most favorable is the child poverty risk rate. Its decline reached 5.1 percentage points in 2016. These results are based on an analysis of the impact of childcare vouchers on the standard of living of households. Subsidised or free access to professional reception services for resident children is one of the tools for combating poverty and social exclusion in Luxembourg.
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regards frontaliers

In 2017, French border workers receive about € 10,000 less per year than their Belgian colleagues and almost € 7,000 less than their German counterparts. This difference is explained by the fact that they are overrepresented in lower paid activities.
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4 079 euros to live decently
01-08-2018 | STATEC

Budget de reference

As of January 1, 2018, a couple with two children, a 14-year-old girl and a 10-year-old boy, would need 4,079 euros per month to live decently. A couple without children would need 2,707 euros and a single mother with a 14 year old girl would need 2,724 euros to live conveniently.
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