Liquid fuel price inflation in Luxembourg has seen a considerable rise since 2021, with the inflation rate peaking at 104.2 percent in June 2022 and dropping to -10.6 percent in December 2023. Meanwhile, electricity price inflation has remained relatively stable throughout the period of consideration. Europe is suffering from an energy supply shortage, particularly of gas, following the Russia-Ukraine war.
Harmonized index of consumer prices (HICP) energy inflation rate in Luxembourg from January 2019 to May 2024, by commodity
According to the source, the Harmonized Indices of Consumer Prices (HICP) measure changes in the prices of consumer goods and services over time. These indices provide comparable measures of inflation.
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Eurostat. (June 18, 2024). Harmonized index of consumer prices (HICP) energy inflation rate in Luxembourg from January 2019 to May 2024, by commodity [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1329409/luxembourg-energy-inflation-rate-by-commodity/
Eurostat. "Harmonized index of consumer prices (HICP) energy inflation rate in Luxembourg from January 2019 to May 2024, by commodity." Chart. June 18, 2024. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1329409/luxembourg-energy-inflation-rate-by-commodity/
Eurostat. (2024). Harmonized index of consumer prices (HICP) energy inflation rate in Luxembourg from January 2019 to May 2024, by commodity. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1329409/luxembourg-energy-inflation-rate-by-commodity/
Eurostat. "Harmonized Index of Consumer Prices (Hicp) Energy Inflation Rate in Luxembourg from January 2019 to May 2024, by Commodity." Statista, Statista Inc., 18 Jun 2024, https://www.statista.com/statistics/1329409/luxembourg-energy-inflation-rate-by-commodity/
Eurostat, Harmonized index of consumer prices (HICP) energy inflation rate in Luxembourg from January 2019 to May 2024, by commodity Statista, https://www.statista.com/statistics/1329409/luxembourg-energy-inflation-rate-by-commodity/ (last visited August 24, 2024)
Harmonized index of consumer prices (HICP) energy inflation rate in Luxembourg from January 2019 to May 2024, by commodity [Graph], Eurostat, June 18, 2024. [Online]. Available: https://www.statista.com/statistics/1329409/luxembourg-energy-inflation-rate-by-commodity/