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Inflation forecasts: 1.9% for 2019 and 1.7% for 2020
07-08-2019 | STATEC


Inflation remains well below 2% in the euro area, but Luxembourg has been flirting with this rate since the end of 2018. The dynamic evolution of prices for services contributes a lot. Over the coming months, national inflation should first slow down and then rebound following the wage indexation scheduled for the fourth quarter. The anticipated deceleration for 2020 (1.7%) is explained by the impact of the introduction of free public transport and the current economic slowdown.