Producer prices in Luxembourg fell by 2.3% year-on-year in October 2025, following a downwardly revised 1.5% drop in the previous month. This marked the third consecutive month of deflation and the sharpest pace in the sequence, as prices fell more sharply for energy (-10.5% vs -8.4%) and for consumer goods (-2.6% vs -2%). In contrast, deflation eased for intermediate goods (-0.5% vs -0.9%), while prices for capital goods remained steady (1.8%). On a monthly basis, producer prices fell 0.7%, slipping further from a 0.3% drop in the previous month.