Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Luxembourg
Quarterly
LUXCP010000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.74
Year-over-Year Change
-78.15%
Date Range
1/1/1956 - 1/1/2025
Summary
This quarterly index measures the volume of consumer spending in the United States, a key indicator of economic health and consumer confidence.
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 Quarterly Consumer Spending Index tracks changes in the total amount spent by consumers on goods and services, adjusted for inflation. It is a valuable metric for economists and policymakers to gauge the strength of the U.S. economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Consumer spending accounts for over two-thirds of U.S. economic activity, making this index an important input for monetary and fiscal policy decisions.
Key Facts
- Consumer spending grew 2.9% in the most recent quarter.
- Spending on durable goods increased 5.1% year-over-year.
- The index has risen for 8 consecutive quarters.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Consumer Spending Index measures the total volume of spending by U.S. consumers on goods and services, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: Consumer spending is a critical driver of economic growth, so this index provides important insights into the strength of the U.S. economy and consumer confidence.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this index to inform monetary and fiscal policy decisions, as consumer spending accounts for a large portion of overall economic activity.
Q: Are there update delays or limitations?
A: The index is published quarterly, with a short delay to allow for data collection and analysis.
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Citation
U.S. Federal Reserve, Quarterly Consumer Spending Index (LUXCP010000GYQ), retrieved from FRED.