Luxembourg inflation rate rises to 3.0% in November

Luxembourg’s annual inflation rate climbed from 2.7% in October to 3.0% in November, according to the figures published on Monday by the national statistic agency Statec.

Early data from Eurostat published last week similarly indicated that prices rose faster in Luxembourg in November, confirming an upward trend across the bloc.

The national consumer price index (CPI) fell slightly by 0.2% compared to October, primarily due to lower travel costs, Statec said in its release.

Package holidays dropped by 11.8% and airfares decreased by 11.1% month-on-month. However, travel prices remain higher than in November 2024, with airfares up 12.7% and package holidays up 13.9%.

Energy was one of the main factors that pushed overall inflation upward. Heating oil surged 8.5%, while diesel rose 5.0% and gasoline 1.6% compared to October. Gas for homes fell 1.6%. Over the year, energy costs are 12.2% higher.

Notable monthly decreases were seen for fruit and olive oil, while meat and vegetable cost more in November © Photo credit: Shutterstock

Energy was one of the main factors that pushed overall inflation upward. Heating oil surged 8.5%, while diesel rose 5.0% and gasoline 1.6% compared to October. Gas for homes fell 1.6%. Over the year, energy costs are 12.2% higher.

Food prices were broadly stable, down 0.1% from October. However, notable monthly decreases were seen for fresh fruit (-3.5%), dried meat (-0.8%), and olive oil (-1.3%), while beef, veal (+2.2%), pork (+4.3%) and fresh vegetables (+1.3%) rose.

Overall, food prices are up 2.6% compared to November last year.

Does it mean there will be a wage indexation soon?

The Consumer Price Index (CPI) for November 2025 was 126.04. This number shows how prices for everyday goods and services have changed since 2015, the reference year set at 100.

In Luxembourg, wages are automatically adjusted when the average CPI over six months reaches a certain level. Right now, the semi-annual average is 1036.14, and adjustments will happen once it hits 1038.79.

If prices continue to rise in December, the semi-annual average could surpass the threshold, prompting the next automatic increase in wages and pensions.

Statec said it will release December’s figures on the first week of 2026, with a first estimate of the year-end inflation rate available on 31 December 2025.