Inflation is defined as the general rise in prices in an economic zone. It is measured by indices of consumer prices (CPI). In Luxembourg the CPI is calculated on the basis of a harmonized European framework and published monthly by Statec. The CPI is an economic indicator developed to measure changes in time of prices of consumer goods and services acquired and used by households. The CPI is used for very diverse purposes, including for monetary policy, for the indexation of commercial contracts, - salaries, - social benefits, as a deflator for national accounts or to calculate the evolution of domestic consumption or living standards.
Actual figures in Luxembourg :