FX.co ★ Luxembourg July Inflation Holds at 2.2%

Luxembourg’s annual inflation rate stood at 2.2% in July 2026, unchanged from June. Price growth remained stable for food and non-alcoholic beverages (1.3%) and education (6.2%). At the same time, stronger increases were recorded for alcoholic beverages and tobacco (2.2% vs. 1.5% in June), clothing and footwear (2.5% vs. 0.3%), health (2.2% vs. 2.1%), information and communication (0.9% vs. 0.7%), insurance and financial services (0.8% vs. 0.6%), and restaurants and hotels (3.5% vs. 3.4%). These gains more than offset slower price growth in housing and utilities (2.2% vs. 2.6%), furnishings, household equipment, and routine household maintenance (0.3% vs. 0.4%), transportation (4.0% vs. 4.3%), recreation and culture (2.2% vs. 3.1%), and miscellaneous goods and services (0.5% vs. 1.2%). On a monthly basis, consumer prices declined by 0.5% in July, following a 0.1% increase in the previous month.