Producer prices in Luxembourg fell 4.5% year-on-year in May 2026, following a 5.4% drop in the previous month and marking the tenth consecutive month of declines. The slower pace of decline reflected easing deflation across key categories, including consumer goods (-12.5% vs -13.6% in April), energy goods (-8.2% vs -8.3%), and intermediate goods (-2.7% vs -3.8%). Meanwhile, inflation for capital goods was unchanged at 1.7%. On a monthly basis, producer prices rose 0.8% in April, following a 1.2% increase in the prior month.