Annual inflation rate falls from 5.4% to 4.8%

In January 2023, the national consumer price index, calculated by STATEC, fell by 0.4% compared to the previous month. As in previous years, this decline is due to the price reductions offered during the winter sales. Despite this decline, an indexation of salaries was triggered with the January results, leading to a 2.5% increase in wages, salaries and pensions from 1 February 2023.