Annual inflation rate up from 1.0% to 1.9%

In January 2025, the national consumer price index, calculated by STATEC, showed a monthly increase of 0.4%. This was mainly due to the rebound in energy prices, following the end of tariff shields on energy prices.

After falling by 13.6% in December 2024, electricity prices rose by 43.9% in January. This rebound is mainly due to the partial lifting of the tariff shield at the beginning of 2025, corresponding to an increase of 24.6% compared with September 2022, the reference date for the introduction of the tariff shield. The petroleum products aggregate rose by 14.5% on the previous month. This sharp rise is mainly due to the end of certain government subsidies and the increase in the CO2 tax from January 2025. Following the end of the 15 euro cent per liter rebate for heating oil, the bill climbed 28.0% on the previous month for households that had filled their oil tanks. Due to the end of state coverage of network costs (introduced in May 2022) and the increase in the CO2 tax, town gas is up 36.0%. The end of network cost coverage alone accounts for 34.5% of the increase in gas prices. At the pump, motorists have to pay 3.8% more for a full tank of petrol and 4.1% more for a liter of diesel. Compared with January last year, petroleum product prices are 4.4% higher.