The cost of fossil fuels in Luxembourg rose 8.6% over the course of the last year, according to figures published by statistics office Statec.
The report (pdf), published on Wednesday, also recorded a substantial jump in fossil fuel costs from October to November. Filling up one’s car with petrol in November cost 4.4% more than in October. For diesel, the increase was 2.2% and for heating oil it was 5.3%.
The impact of these increases on inflation were neutralised by a drop in the cost of crèche services, related to a modification in the service vouchers for childcare, which entered into force on 2 October.
This reform caused prices to drop on average by 18.5%. This brought the annual inflation rate down more than 0.4 percentage points. A seasonal drop in the cost of package holidays and flights (-2% and -3.7% respectively), also kept inflation growth at bay.
Luxembourg’s general inflation rate fell from 1.9% to 1.5% in November. The average quarterly index, meanwhile, rose from 846.07 to 846.38, still some way off the 852.63 required to trigger a new indexation of salaries in Luxembourg.