Harmonized Index of Consumer Prices: Restaurants and Hotels for Luxembourg
CP1100LUM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
133.25
Year-over-Year Change
1.67%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Restaurants and Hotels for Luxembourg measures the changes in prices paid by consumers for dining out and accommodation services in Luxembourg. This metric is crucial for understanding inflationary pressures and consumer behavior in the country's service sector.
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 Harmonized Index of Consumer Prices (HICP) is a standardized measure of inflation across European Union member states. The Restaurants and Hotels sub-index specifically tracks price changes for food service and lodging, providing insight into a key component of consumer spending and the overall cost of living.
Methodology
The data is collected through surveys of businesses and households by the Luxembourg statistical agency.
Historical Context
Policymakers and analysts use this HICP sub-index to assess domestic price dynamics and inform monetary and fiscal policies.
Key Facts
- Luxembourg's HICP Restaurants and Hotels index has a base year of 2015.
- This sub-index accounts for over 10% of the total Luxembourg HICP basket.
- Prices in the Restaurants and Hotels category have risen faster than overall inflation in Luxembourg in recent years.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Restaurants and Hotels for Luxembourg measures the changes in prices paid by consumers for dining out and accommodation services in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into inflationary pressures and consumer behavior in Luxembourg's service sector, which is a key component of the overall economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by the Luxembourg statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP sub-index to assess domestic price dynamics and inform monetary and fiscal policies in Luxembourg.
Q: Are there update delays or limitations?
A: The HICP data is typically published on a monthly basis with a short lag, providing timely insights into Luxembourg's consumer prices.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Restaurants and Hotels for Luxembourg (CP1100LUM086NEST), retrieved from FRED.