Inflation Luxembourg 2022
Average inflation: 6.4%
Current Inflation
Inflation is very high at 6.4%, far above the ECB target.
Peak and Trough
The highest inflation was in June at 7.4%. The lowest inflation was in January at 3.6%.
- Highest month
- June: 7.4%
- Lowest month
- January: 3.6%
- Difference
- 3.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Transport with an average of 10.4%. The lowest price increase was in Education with an average of 0.7%.
- Highest increase
- Transport: 10.4%
- Lowest increase
- Education: 0.7%
Historical Context
Current inflation is 3.8% higher than the 5-year average of 2.6%. This approaches the highest level since records began (6.4% in 2022).
- 5-year average
- 2.6%
- 10-year average
- 1.8%
- All-time high (2022)
- 6.4%
- All-time low (2016)
- 0.3%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +3.9 percentage point.
- Change vs. previous year
- +3.9 percentage points
- Largest monthly swing
- February: +6.7 percentage points
ECB Target
Inflation is 4.4% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €106.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 3.6% | +1.7 |
| February | 6.6% | +6.7 |
| March | 6.1% | +4.1 |
| April | 7.0% | +4.9 |
| May | 6.8% | +4.3 |
| June | 7.4% | +5.2 |
| July | 6.8% | +4.5 |
| August | 6.8% | +4.3 |
| September | 6.9% | +4.2 |
| October | 6.9% | +3.3 |
| November | 5.9% | +1.4 |
| December | 5.4% | +1.3 |
| Average | 6.4% |
Data source
Data from OECD. Last updated: 11/01/2026.