Economics

Luxembourg inflation drops further

After a decrease in consumer prices in August, the downward trend continued in September, with annual inflation dropping even further to just 0.3 percent.

08.10.2014

(CS) After a decrease in consumer prices in August, the downward trend continued in September, with annual inflation dropping even further to just 0.3 percent.

The decrease from 0.6 percent to 0.3 percent month-on-month was largely due to special deals offered by holiday providers at the end of the summer. These saw a significant drop in prices, outdoing smaller price increases for petrol, fresh vegetables, flowers, toiletries and rent.