🇱🇺Luxembourg inflation rate
released 19 Aug 2026 · data through July 2026 · next release expected 31 Aug 2026
Luxembourg joined the euro at its launch in 1999. Harmonised inflation (HICP) — the EU-harmonised measure that makes prices comparable across Europe — stands at 3.4% as of July 2026. That is 1.4 percentage points above the ECB's 2% target, and 0.4 points above the eurozone average of 3.0%.
The breakdown shows core (excluding energy and food) at 1.9%, energy at 11.8%, food at 3.3% and services at 2.6%. The strongest pressure is in energy (11.8%), while core (excluding energy and food) is the softest (1.9%).
Month on month the headline eased from 3.7% to 3.4%, a step down from the month before.
Luxembourg ranks number 9 of 30 European economies by annual inflation, from highest to lowest, between Croatia and Slovakia.
Luxembourg's harmonised inflation is 3.4% as of July 2026 — abovethe European Central Bank's 2% target by 1.4 percentage points.
Compare with the rest of Europe on the European inflation ranking →
Frequently asked questions
- What is Luxembourg's current inflation rate?
- Luxembourg's annual inflation rate, measured by the harmonised index of consumer prices (HICP), is 3.4% as of July 2026.
- Is Luxembourg's inflation above or below the ECB's 2% target?
- At 3.4%, it is 1.4 percentage points above the European Central Bank's 2% target.
- How does Luxembourg's inflation compare with the rest of Europe?
- Luxembourg ranks number 9 of 30 European economies by inflation, 0.4 points above the eurozone average of 3.0%.
- Did Luxembourg's inflation rise or fall last month?
- Month on month, the headline rate eased from 3.7% to 3.4% in July 2026.