Harmonized Index of Consumer Prices: Food Including Alcohol and Tobacco for Luxembourg
FOOD00LUM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
139.40
Year-over-Year Change
5.48%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP): Food Including Alcohol and Tobacco for Luxembourg measures the changes in the prices of food, alcohol, and tobacco products consumed by households in Luxembourg.
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 HICP is a standardized measure of inflation used across European Union countries. The Food Including Alcohol and Tobacco index provides insight into price dynamics for a critical component of consumer spending and household budgets.
Methodology
The data is collected through a survey of retailers and service providers by Luxembourg's national statistical agency.
Historical Context
Policymakers and analysts use this index to monitor inflationary pressures and consumer behavior.
Key Facts
- Luxembourg's HICP Food including Alcohol and Tobacco has risen by 10.7% over the past year.
- Alcohol and tobacco products make up about 4% of the total HICP basket in Luxembourg.
- The HICP Food index is a key input for the European Central Bank's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP): Food Including Alcohol and Tobacco for Luxembourg measures the changes in the prices of food, alcohol, and tobacco products consumed by households in the country.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into inflationary pressures and consumer behavior, which are critical for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through a survey of retailers and service providers by Luxembourg's national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to monitor inflationary pressures and consumer behavior, which informs decisions on monetary policy and other economic interventions.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Food Including Alcohol and Tobacco for Luxembourg (FOOD00LUM086NEST), retrieved from FRED.