Harmonized Index of Consumer Prices: Recording Media for Luxembourg
CP0914LUM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
84.51
Year-over-Year Change
-0.66%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Recording Media tracks price changes for items like CDs, DVDs, and computer software in Luxembourg. This metric is a key indicator of consumer inflation and purchasing power in the local economy.
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 Recording Media is a component of the broader Harmonized Index of Consumer Prices, which measures the average change in prices paid by consumers for a basket of goods and services. This specific index focuses on the category of recreational items related to digital and physical media.
Methodology
The data is collected through surveys of retail prices in Luxembourg and compiled by Eurostat.
Historical Context
Policymakers and analysts use this index to monitor consumer price trends and assess the health of the Luxembourg economy.
Key Facts
- The index is published monthly by Eurostat.
- Recording Media is one of over a dozen HICP component indices.
- The base year for the index is 2015 = 100.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Recording Media measures the average change in prices paid by consumers in Luxembourg for items like CDs, DVDs, and computer software.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of consumer inflation and purchasing power in Luxembourg. It helps policymakers and analysts assess the health of the local economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail prices in Luxembourg and compiled by Eurostat.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to monitor consumer price trends and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The index is published monthly by Eurostat with no significant update delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Recording Media for Luxembourg (CP0914LUM086NEST), retrieved from FRED.