Inflation Luxembourg 2008
Average inflation: 3.4%
Current Inflation
Inflation is high at 3.4%, well above the ECB target.
Peak and Trough
The highest inflation was in July at 4.9%. The lowest inflation was in December at 1.1%.
- Highest month
- July: 4.9%
- Lowest month
- December: 1.1%
- Difference
- 3.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Housing, water, electricity, gas and other fuels with an average of 7.9%. The lowest price increase was in Communication with an average of -0.9%.
- Highest increase
- Housing, water, electricity, gas and other fuels: 7.9%
- Lowest increase
- Communication: -0.9%
Historical Context
Current inflation is 0.8% higher than the 5-year average of 2.6%. This approaches the highest level since records began (3.4% in 2008).
- 5-year average
- 2.6%
- 10-year average
- 2.6%
- All-time high (2008)
- 3.4%
- All-time low (2003)
- 2.1%
Trend
Inflation has remained relatively stable. Compared to 2007, the difference is minimal (+1.1 percentage point).
- Change vs. previous year
- +1.1 percentage points
- Largest monthly swing
- July: +3.0 percentage points
ECB Target
Inflation is 1.4% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
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 €103.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2008
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2007 |
|---|---|---|
| January | 3.3% | +1.0 |
| February | 3.1% | +1.1 |
| March | 3.5% | +1.4 |
| April | 3.5% | +1.4 |
| May | 4.0% | +2.1 |
| June | 4.3% | +2.3 |
| July | 4.9% | +3.0 |
| August | 4.0% | +2.1 |
| September | 4.0% | +1.9 |
| October | 3.3% | +0.4 |
| November | 2.0% | -1.2 |
| December | 1.1% | -2.3 |
| Average | 3.4% |
Data source
Data from OECD. Last updated: 11/01/2026.