Harmonized Index of Consumer Prices: Coffee, Tea and Cocoa for Luxembourg
CP0121LUM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
142.89
Year-over-Year Change
11.31%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Coffee, Tea and Cocoa in Luxembourg measures price changes over time for these key consumer goods. This economic indicator provides insight into inflationary pressures and consumer spending in Luxembourg.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The HICP for Coffee, Tea and Cocoa tracks the prices paid by Luxembourg consumers for these popular food and beverage items. It is part of the broader HICP index, which is used by policymakers to monitor and manage inflation across the Eurozone.
Methodology
The data is collected through regular surveys of retail prices across Luxembourg.
Historical Context
The HICP for Coffee, Tea and Cocoa is a crucial input for the European Central Bank's monetary policy decisions.
Key Facts
- Coffee, tea and cocoa account for over 1% of the Luxembourg consumer price index.
- Prices for these products have risen by an average of 2.5% annually over the past decade.
- Luxembourg consumers spend more on coffee, tea and cocoa than the Eurozone average.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Coffee, Tea and Cocoa in Luxembourg tracks the prices paid by consumers for these products over time.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into inflationary pressures and consumer spending patterns in Luxembourg, which is a key input for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through regular price surveys of retailers across Luxembourg.
Q: How is this trend used in economic policy?
A: The HICP for Coffee, Tea and Cocoa is a crucial input for the European Central Bank's monetary policy decisions, as it reflects broader inflationary trends in the Eurozone economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-week lag, providing timely insight into price movements.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Coffee, Tea and Cocoa for Luxembourg (CP0121LUM086NEST), retrieved from FRED.