In 2022, GDP deflator for Luxembourg was 5.7 %. Though Luxembourg GDP deflator fluctuated substantially in recent years, it tended to decrease through 1973 - 2022 period ending at 5.7 % in 2022.
The description is composed by our digital data assistant.Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.