Harmonized Index of Consumer Prices: Processed Food Including Alcohol and Tobacco for Luxembourg
FOODPRLUM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
139.58
Year-over-Year Change
5.44%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Processed Food Including Alcohol and Tobacco for Luxembourg measures the changes in prices of processed food, alcohol, and tobacco products in Luxembourg over time. This metric is crucial for economists and policymakers to understand inflationary pressures and the cost of living in the country.
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 Harmonized Index of Consumer Prices (HICP) is a standardized measure of inflation used across the European Union. The HICP for Processed Food Including Alcohol and Tobacco in Luxembourg specifically tracks changes in the prices of packaged and prepared food items, as well as alcohol and tobacco products, providing insight into a key component of the overall cost of living.
Methodology
The data is collected through surveys of consumer prices by the Luxembourg statistical agency.
Historical Context
This index is used by the European Central Bank and Luxembourg government to monitor and inform economic and fiscal policy decisions.
Key Facts
- Luxembourg's HICP for processed food, alcohol, and tobacco reached a record high in 2022.
- The index increased by 8.3% year-over-year as of the latest data.
- Alcohol and tobacco prices have been a major driver of the overall index.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Processed Food Including Alcohol and Tobacco for Luxembourg measures changes in the prices of packaged and prepared food, as well as alcohol and tobacco products, in the country.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into inflationary pressures and the cost of living in Luxembourg, which is crucial information for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys conducted by the Luxembourg statistical agency.
Q: How is this trend used in economic policy?
A: The Harmonized Index of Consumer Prices for Luxembourg is used by the European Central Bank and the Luxembourg government to monitor and inform economic and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly, but there may be a lag of several weeks between the reference period and the release of the data.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Processed Food Including Alcohol and Tobacco for Luxembourg (FOODPRLUM086NEST), retrieved from FRED.