Consumer Price Index for Luxembourg
DDOE01LUA086NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.83
Year-over-Year Change
23.49%
Date Range
1/1/1960 - 1/1/2017
Summary
The Consumer Price Index for Luxembourg measures changes in the prices of goods and services consumed by households in Luxembourg. This key economic indicator provides insights into inflationary pressures and the purchasing power of consumers.
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 for Luxembourg is a widely tracked economic metric that reflects the average change in prices paid by consumers for a basket of consumer goods and services. It is used to assess the cost of living and track inflation, guiding policymakers and market analysts in their economic decision-making.
Methodology
The data is collected through a survey of households and businesses in Luxembourg.
Historical Context
The Consumer Price Index is a crucial input for monetary and fiscal policy formulation in Luxembourg and the broader Eurozone.
Key Facts
- Luxembourg's CPI reached a record high of 107.15 in May 2023.
- The CPI is based on a basket of over 650 goods and services.
- The index is published monthly by the National Institute of Statistics and Economic Studies of the Grand Duchy of Luxembourg.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for 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 CPI is a key indicator of inflation and the purchasing power of consumers, making it crucial for policymakers, businesses, and individuals in assessing economic conditions and making informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through a survey of households and businesses in Luxembourg.
Q: How is this trend used in economic policy?
A: The Consumer Price Index for Luxembourg is a crucial input for monetary and fiscal policy formulation in Luxembourg and the broader Eurozone.
Q: Are there update delays or limitations?
A: The CPI for Luxembourg is published monthly with minimal delays, providing timely insights into inflationary trends.
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Citation
U.S. Federal Reserve, Consumer Price Index for Luxembourg (DDOE01LUA086NWDB), retrieved from FRED.