Inflation Ticks Up To 1 In December 2024 Statec Delano News

Inflation Ticks Up To 1 In December 2024 Statec Delano News The annual inflation rate in luxembourg rose to 1% in december 2024, reversing the downward trend of the previous six months, according to statec data. In december 2024, the national consumer price index, calculated by statec, showed a monthly increase of 0.1%. this change was mainly due to higher travel costs in december.

107427541 1718145095655 Gettyimages 2157186260 Img 9260 Rfb2tx0a Jpeg V Luxembourg’s national consumer price index saw a notable rise to 1.94% in january 2025, up from 1.04% in december 2024 and 0.8% in november 2024, according to statec, the national statistics agency. this increase in inflation was primarily attributed to a rise in energy prices, following the cessation of government price shields that had previously been in place. With inflation rates falling below 1% in the last quarter of 2024, the slowdown in inflation in luxembourg was stronger than expected. at the turn of 2025, however, the lifting of tariff shields led to an increase in gas and electricity prices, boosting inflation to a level close to 2% in january 2025. following inflation of 2.1% in 2024, statec is forecasting inflation of 2.2% this year and 1. Euro area inflation fell to 1.8% in september 2024, according to eurostat estimates. in luxembourg, the national consumer price index was provisionally recorded at 1.3%, the lowest rate since february 2021, data from statec shows. at these levels, wage indexation is not expected to occur in 2024. Statec is lowering its inflation forecasts to 2.2% in 2024 and 3.3% in 2025. in 2025, electricity and gas prices will soar with the disappearance of the tariff shield for these energy products. indexation is expected to be pushed back until the fourth quarter of 2024.

Inflation Up 3 75 In July Statec Delano News Euro area inflation fell to 1.8% in september 2024, according to eurostat estimates. in luxembourg, the national consumer price index was provisionally recorded at 1.3%, the lowest rate since february 2021, data from statec shows. at these levels, wage indexation is not expected to occur in 2024. Statec is lowering its inflation forecasts to 2.2% in 2024 and 3.3% in 2025. in 2025, electricity and gas prices will soar with the disappearance of the tariff shield for these energy products. indexation is expected to be pushed back until the fourth quarter of 2024. Following inflation of 2.1% in 2024, statec is forecasting inflation of 2.2% this year and 1.8% in 2026. the next indexations remain scheduled for the second quarter of 2025 and the second quarter of 2026. after historically low levels in the final quarter of 2024, annual inflation rose to 1.9% in january 2025. The low inflation rates observed since august (averaging 12.0% over one year in the past three months) have thus reduced expected inflation to 2.1% for 2024 and to 2.5% for 2025. consequently, the next wage indexation would be delayed until the first quarter of 2025.

Inflation Slows Down In November Delano News Following inflation of 2.1% in 2024, statec is forecasting inflation of 2.2% this year and 1.8% in 2026. the next indexations remain scheduled for the second quarter of 2025 and the second quarter of 2026. after historically low levels in the final quarter of 2024, annual inflation rose to 1.9% in january 2025. The low inflation rates observed since august (averaging 12.0% over one year in the past three months) have thus reduced expected inflation to 2.1% for 2024 and to 2.5% for 2025. consequently, the next wage indexation would be delayed until the first quarter of 2025.

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