EconomyInflation persists, but 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.