Consumer Price Index: Harmonized Prices: All Items: Total for Luxembourg
CPHPTT01LUA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.20
Year-over-Year Change
192.86%
Date Range
1/1/1996 - 1/1/2022
Summary
The Consumer Price Index: Harmonized Prices: All Items: Total for Luxembourg measures the overall change in consumer prices in Luxembourg. This key economic indicator is widely used by policymakers and analysts to assess inflation and cost-of-living 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 Consumer Price Index (CPI) is a measure of the average change in prices paid by consumers for a basket of goods and services. The Harmonized Index of Consumer Prices (HICP) for Luxembourg provides a standardized measure of inflation across European Union countries, allowing for cross-country comparisons.
Methodology
The Luxembourg HICP is calculated by the Statec, the national statistics office, based on a representative basket of consumer goods and services.
Historical Context
The Luxembourg HICP is a crucial input for the European Central Bank's monetary policy decisions.
Key Facts
- Luxembourg's HICP has a base year of 2015.
- The HICP covers around 90% of household consumption expenditure.
- The index is published on a monthly basis.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Harmonized Prices: All Items: Total for Luxembourg measures the overall change in consumer prices in the country.
Q: Why is this trend relevant for users or analysts?
A: This HICP metric is a crucial indicator of inflation and cost-of-living changes, providing valuable insights for policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The Luxembourg HICP is calculated by the national statistics office, Statec, based on a representative basket of consumer goods and services.
Q: How is this trend used in economic policy?
A: The Luxembourg HICP is a key input for the European Central Bank's monetary policy decisions, as it provides a standardized measure of inflation across the Eurozone.
Q: Are there update delays or limitations?
A: The HICP data for Luxembourg is published on a monthly basis with no significant delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: All Items: Total for Luxembourg (CPHPTT01LUA657N), retrieved from FRED.