Luxembourg inflation rate for 2023 was 3.74%, a 2.59% decline from 2022.
Luxembourg inflation rate for 2022 was 6.34%, a 3.81% increase from 2021.
Luxembourg inflation rate for 2021 was 2.53%, a 1.71% increase from 2020.
Luxembourg inflation rate for 2020 was 0.82%, a 0.92% decline from 2019.
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.