Luxembourg recorded the third-highest annual inflation rate in the EU last month thanks to lower energy costs, according to data released by official statistics agency Eurostat on Wednesday.
Luxembourg’s annual inflation rate was 1.5% in March, Eurostat said, down from 1.9% in February and 2.4% in January. The report confirmed Eurostat’s earlier flash estimate for March, published in early April.
“The lowest annual rates were recorded in France (0.9 per cent), Denmark (1.4 per cent) and Luxembourg (1.5%),” Eurostat said.
The highest annual inflation rates were recorded in Romania (5.1%), Hungary (4.8%) and Poland (4.4%), while the lowest were recorded in France (0.9%), Denmark (1.4%) and Luxembourg (1.5%).
Luxembourg recorded the lowest monthly annual inflation rate since November 2024, when prices rose by 1.1%.
In the eurozone, the annual inflation rate reached 2.2% in the first month of spring. It was 2.3% in February and 2.4% a year ago. In the European Union, the annual inflation rate was estimated at 2.5%. At the end of winter, it was 2.7%.
Core annual inflation in the eurozone slowed to 2.4% from 2.6% a month earlier, a preliminary estimate also showed. The biggest contributors to inflation were higher prices for services (3.5% after 3.7%) and food, alcohol and tobacco (2.9% after 2.7%).
