Prices in Luxembourg: 2nd consecutive month of decline at the pump, inflation stable at 6.8%
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Prices in Luxembourg2nd consecutive month of decline at the pump, inflation stable at 6.8%
LUXEMBOURG – The inflation rate remained high at 6.8% but at a stable level between July and August, notably thanks to a new aftershock in oil prices.
The consumer price index fell by 1% between July and August, mainly due to the return to normal in the clothing and footwear sector after the sales (+13.7%). The annual inflation rate is 6.8%.
For the second consecutive month, the prices of petroleum products are trending downward, Statec said in a press release sent on Wednesday. At the pump, diesel and gasoline prices fell by 6.1% and 8.6% respectively between July and August. Fuel oil is also down 9.2%. The prices of black gold derivatives, however, remain 36% more expensive than a year ago.
Food costs 8.3% more than a year ago
The fall in oil prices is “largely offset” by the rise in certain prices such as those relating to holidays: the prices of air transport have exploded by 21.4%, those of package holidays by 7.3%.
On the food side, prices rose by 0.9% with significant increases for fats and oils (+2.9%), fresh fruit (+2.7%) and cheese (+2.3%). ) and meat (+0.6%). Conversely, drinking a beer and eating fresh vegetables were less expensive in August (-3.3% and -1.8% respectively). Over one year, food prices have replaced by 8.3%, those of alcoholic beverages by 3.8%.
(Mc)