Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Luxembourg
CPGRLE01LUQ659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.36
Year-over-Year Change
-55.87%
Date Range
1/1/1968 - 1/1/2025
Summary
The Consumer Price Index: All Items Non-Food Non-Energy for Luxembourg tracks changes in the prices of non-food, non-energy goods and services purchased by consumers in Luxembourg. This metric is a key indicator of 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
The All Items Non-Food Non-Energy CPI for Luxembourg is a component of the country's broader consumer price index, which measures the average change in prices paid by consumers for a basket of goods and services. Analyzing this core inflation metric helps economists and policymakers assess the underlying strength of inflationary trends.
Methodology
The data is collected through surveys of retail establishments and service providers in Luxembourg.
Historical Context
Trends in the non-food, non-energy CPI are closely monitored by the European Central Bank in formulating monetary policy.
Key Facts
- Luxembourg's non-food, non-energy CPI has a base year of 2015.
- This index excludes volatile food and energy prices to provide a cleaner signal of underlying inflation.
- The non-food, non-energy CPI is a key input for the European Central Bank's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: All Items Non-Food Non-Energy for Luxembourg tracks changes in the prices of non-food, non-energy goods and services purchased by consumers in the country.
Q: Why is this trend relevant for users or analysts?
A: This core inflation metric provides valuable insights into the underlying strength of price pressures, which is crucial information for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and service providers in Luxembourg.
Q: How is this trend used in economic policy?
A: Trends in the non-food, non-energy CPI are closely monitored by the European Central Bank in formulating monetary policy for the Eurozone.
Q: Are there update delays or limitations?
A: The non-food, non-energy CPI for Luxembourg is published on a monthly basis with a relatively short lag.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Luxembourg (CPGRLE01LUQ659N), retrieved from FRED.