Harmonized Index of Consumer Prices: Personal Care for Luxembourg
CP1210LUM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.48
Year-over-Year Change
1.84%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Personal Care tracks changes in the prices paid by consumers in Luxembourg for personal care products and services. This metric is a key indicator of inflation and consumer spending trends.
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 is a standardized measure of consumer price inflation across European Union countries. The Personal Care component covers a range of grooming, hygiene, and cosmetic items that are essential for daily life. Analyzing trends in this index helps policymakers and analysts understand broader consumer behavior and price dynamics.
Methodology
The data is collected through surveys of consumer transactions and compiled by Eurostat, the statistical office of the European Union.
Historical Context
HICP trends inform monetary policy decisions by the European Central Bank and fiscal policy by the Luxembourg government.
Key Facts
- The HICP is a leading indicator of consumer price trends.
- Personal care accounts for about 3% of the Luxembourg consumer price index.
- HICP data is published monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Personal Care tracks changes in the prices paid by consumers in Luxembourg for personal care products and services.
Q: Why is this trend relevant for users or analysts?
A: Analyzing trends in the Personal Care HICP helps policymakers and economists understand broader consumer behavior and inflation dynamics in Luxembourg.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer transactions and compiled by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: HICP trends inform monetary policy decisions by the European Central Bank and fiscal policy by the Luxembourg government.
Q: Are there update delays or limitations?
A: HICP data is published monthly by Eurostat with minimal delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Personal Care for Luxembourg (CP1210LUM086NEST), retrieved from FRED.