Inflation Luxembourg 2003
Average inflation: 2.1%
Current Inflation
Inflation is normal at 2.1%, around the ECB target.
Peak and Trough
The highest inflation was in March at 2.7%. The lowest inflation was in July at 1.6%.
- Highest month
- March: 2.7%
- Lowest month
- July: 1.6%
- Difference
- 1.1 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Education with an average of 7.7%. The lowest price increase was in Health with an average of -2.5%.
- Highest increase
- Education: 7.7%
- Lowest increase
- Health: -2.5%
Historical Context
Current inflation is around the 5-year average of 2.5%. This approaches the lowest level since records began (2.1% in 2003).
- 5-year average
- 2.5%
- 10-year average
- 2.5%
- All-time high (2000)
- 3.1%
- All-time low (2003)
- 2.1%
Trend
Inflation has remained relatively stable. Compared to 2002, the difference is minimal (+0.0 percentage point).
- Change vs. previous year
- +0.0 percentage points
- Largest monthly swing
- March: +0.6 percentage points
ECB Target
Inflation is close to the ECB target of 2.0%.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €102.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2003
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2002 |
|---|---|---|
| January | 2.3% | 0.0 |
| February | 2.5% | +0.2 |
| March | 2.7% | +0.6 |
| April | 2.2% | +0.1 |
| May | 1.9% | 0.0 |
| June | 1.8% | +0.1 |
| July | 1.6% | -0.4 |
| August | 2.0% | +0.2 |
| September | 2.1% | +0.1 |
| October | 1.7% | -0.5 |
| November | 1.8% | -0.4 |
| December | 2.1% | -0.1 |
| Average | 2.1% |
Data source
Data from OECD. Last updated: 11/01/2026.