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Financial News: Luxembourg Inflation Accelerates Marginally

Luxembourg Inflation Accelerates Marginally

08/08/2018 - 08:07:00 (RTTNews)

(RTTNews) - Luxembourg's consumer price inflation accelerated for the third straight month in July, though fractionally, figures from the statistical office STATEC showed Wednesday.

The consumer price index rose 1.46 percent year-over-year in July, just above the 1.45 percent climb in June. The measure has been rising since August 2016.

Prices of food and non-alcoholic beverages grew 2.12 percent annually in July and utility costs by 3.87 percent.

On a monthly basis, consumer prices fell 0.68 percent from June, when it increased by 0.16 percent. It was the first decrease in six months.

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