Luxembourg Annual Inflation Rate
Luxembourg's annual inflation rate fell to 2.05% in 2024, down from 3.74% in 2023, according to World Bank. This represents a decrease of 1.69% from the previous year. Luxembourg has annual inflation rate lower than the global median (2.05% vs median 3.16%). Compared with the median in Europe, Luxembourg is lower (2.05% vs regional median 2.76%) and ranks 30th out of 43 countries in Europe.
Yearly Historical Data (1960-2024)
(in %)Luxembourg Annual Inflation Rate : Definition
Annual Inflation Rate measures the yearly percentage increase in consumer prices in Luxembourg.