Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Luxembourg
CPALTT01LUM659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.65
Year-over-Year Change
-31.17%
Date Range
1/1/1956 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Luxembourg measures changes in the prices of consumer goods and services over time. It is a key economic indicator used to track inflation and guide policymaking.
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 CPI for Luxembourg tracks the average change in prices paid by consumers for a basket of goods and services. It is a widely used measure of general price inflation and a core economic statistic for analyzing the state of the Luxembourg economy.
Methodology
The Luxembourg CPI is calculated by the country's statistical agency using a fixed basket of consumer goods and services.
Historical Context
The CPI is a critical input for the European Central Bank's monetary policy decisions.
Key Facts
- The CPI basket represents about 1,000 goods and services.
- The index base year is 2015 = 100.
- The CPI is released monthly by STATEC, Luxembourg's national statistical institute.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Luxembourg measures changes in the prices of consumer goods and services, providing a gauge of inflation in the country.
Q: Why is this trend relevant for users or analysts?
A: The Luxembourg CPI is a critical economic indicator used by policymakers, businesses, and consumers to understand price changes and assess the overall state of the economy.
Q: How is this data collected or calculated?
A: The Luxembourg CPI is calculated monthly by STATEC using a fixed basket of consumer goods and services.
Q: How is this trend used in economic policy?
A: The CPI is a key input for the European Central Bank's monetary policy decisions, as it helps gauge inflationary pressures and guide interest rate adjustments.
Q: Are there update delays or limitations?
A: The Luxembourg CPI is released on a monthly basis with a relatively short lag, providing timely data for economic analysis and policymaking.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Luxembourg (CPALTT01LUM659N), retrieved from FRED.