Luxembourg producer prices fell 2.1% year-on-year in July 2026, easing from a 3.2% decline in June and recording their mildest annual decline since September 2025. Deflation in consumer goods slowed to 6.8% from 8.2%, while intermediate-goods prices rose 1.4% after falling 0.7% in June. Capital-goods inflation accelerated to 4.6% from 3.8%. Energy-goods deflation deepened to 15.5% from 12.6%. On a monthly basis, producer prices increased 1.3% in July, up from 0.4% in June.