Consumer Price Index: All Items: Total for Luxembourg
CPALTT01LUQ657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.35
Year-over-Year Change
-56.30%
Date Range
4/1/1955 - 1/1/2024
Summary
The Consumer Price Index (CPI) for All Items in Luxembourg measures the average change in prices paid by consumers for a basket of goods and services. It is a key indicator of inflation and helps guide monetary policy decisions.
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 All Items in Luxembourg is a comprehensive measure of the cost of living, tracking price changes for a wide range of consumer goods and services. It is widely used by economists, policymakers, and the public to assess changes in purchasing power and the overall state of the Luxembourg economy.
Methodology
The Luxembourg CPI is calculated by the National Institute of Statistics and Economic Studies (STATEC) based on a survey of household expenditures.
Historical Context
The Luxembourg CPI is closely monitored by the European Central Bank as part of its mandate to maintain price stability in the Eurozone.
Key Facts
- The Luxembourg CPI has a base year of 2015.
- CPI data for Luxembourg is released on a monthly basis.
- The CPI is an important input for cost-of-living adjustments and wage negotiations.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for All Items in Luxembourg measures the average change in prices paid by consumers for a basket of goods and services in the country.
Q: Why is this trend relevant for users or analysts?
A: The Luxembourg CPI is a key indicator of inflation and helps guide monetary policy decisions, as well as being used to assess changes in purchasing power and the overall state of the Luxembourg economy.
Q: How is this data collected or calculated?
A: The Luxembourg CPI is calculated by the National Institute of Statistics and Economic Studies (STATEC) based on a survey of household expenditures.
Q: How is this trend used in economic policy?
A: The Luxembourg CPI is closely monitored by the European Central Bank as part of its mandate to maintain price stability in the Eurozone.
Q: Are there update delays or limitations?
A: CPI data for Luxembourg is released on a monthly basis with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: All Items: Total for Luxembourg (CPALTT01LUQ657N), retrieved from FRED.