Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Luxembourg
CPGRLE01LUQ657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.33
Year-over-Year Change
10.70%
Date Range
4/1/1967 - 10/1/2023
Summary
The Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Luxembourg measures changes in the prices of goods and services in Luxembourg, excluding food and energy. This indicator provides insights into underlying inflationary pressures.
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
This index tracks the prices of a broad basket of consumer goods and services in Luxembourg, excluding volatile food and energy prices. It is used by economists and policymakers to assess the overall level of inflation in the country's economy.
Methodology
The data is collected through a national consumer price survey and calculated based on a fixed-weight index.
Historical Context
Trends in this index are closely monitored by the European Central Bank and other institutions for insights into Luxembourg's economic conditions.
Key Facts
- The index base year is 2015 = 100.
- Luxembourg's all-items non-food non-energy CPI reached a high of 102.16 in June 2022.
- Excluding volatile food and energy prices provides a more stable measure of underlying inflation.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of a broad basket of consumer goods and services in Luxembourg, excluding food and energy items.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the underlying inflationary pressures in Luxembourg's economy, which is useful for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through a national consumer price survey and calculated based on a fixed-weight index.
Q: How is this trend used in economic policy?
A: Trends in this index are closely monitored by the European Central Bank and other institutions for insights into Luxembourg's economic conditions and underlying inflation.
Q: Are there update delays or limitations?
A: The data is published monthly with no significant update delays, providing timely information on Luxembourg's consumer price developments.
Related Trends
Stock Market Total Value Traded to GDP for Luxembourg
DDDM02LUA156NWDB
Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Normalised for Luxembourg
LUXLORSGPNOSTSAM
Harmonized Index of Consumer Prices: Overall Index Excluding Energy for Luxembourg
00XE00LUM086NEST
Consumer Price Index: Transport (COICOP 07): Total for Luxembourg
LUXCP070000IXNBM
Business Tendency Surveys: Employment: Economic Activity: Manufacturing: Future Tendency for Luxembourg
BSEMFT02LUM460S
Business Tendency Surveys: Finished Goods Stocks: Economic Activity: Manufacturing: Current for Luxembourg
BSFGLV02LUM460S
Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Luxembourg (CPGRLE01LUQ657N), retrieved from FRED.