The National Institute of Statistics and Economic Studies (STATEC) has published its new conjuncture report for the month of June, which determines that “inflationary pressure” remains a problem in Luxembourg, but that it is likely to be less significant than in other EU countries.
In its most recent ‘ConjunctureFlash‘, STATEC found that over the last couple of months, inflation in the euro area has continuously increased to reach a level comparable to that in the United States of America.
The publication forecasts a yearly inflation rate of 6% for the Grand Duchy. The rate in 2023 is estimated to be 2.3%, that is if the war in Ukraine and energy supply issues do not worsen.
This would mean that Luxembourg still has one of the least significant inflation rates in the EU.