Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Luxembourg
LUXCP010000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
137.70
Year-over-Year Change
1.59%
Date Range
1/1/1955 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Luxembourg measures changes in the prices paid by consumers for these essential goods and services. It is a key indicator of inflation and consumer purchasing power.
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 CPI for Food and Non-Alcoholic Beverages in Luxembourg is a subcomponent of the overall Consumer Price Index, tracking price movements for a basket of common food and beverage items. It is widely used by economists, policymakers, and the public to assess changes in the cost of living.
Methodology
The data is collected through regular surveys of consumer prices at retail outlets across Luxembourg.
Historical Context
Trends in this CPI are closely monitored by the European Central Bank and national authorities for insights into inflationary pressures and consumer behavior.
Key Facts
- Luxembourg's CPI for Food and Non-Alcoholic Beverages has a base year of 1999.
- Food and non-alcoholic beverages account for around 20% of the total Luxembourg CPI basket.
- This index is published monthly by the Luxembourg Central Service of Statistics.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Luxembourg measures changes in the prices paid by consumers for a basket of common food and beverage items.
Q: Why is this trend relevant for users or analysts?
A: Trends in this CPI are closely watched by economists, policymakers, and the public as an indicator of inflationary pressures and changes in the cost of living in Luxembourg.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of consumer prices at retail outlets across Luxembourg.
Q: How is this trend used in economic policy?
A: The CPI for Food and Non-Alcoholic Beverages in Luxembourg is monitored by the European Central Bank and national authorities for insights into inflation and consumer behavior that can inform economic policy decisions.
Q: Are there update delays or limitations?
A: This index is published monthly by the Luxembourg Central Service of Statistics with minimal update delays.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Luxembourg (LUXCP010000IXOBM), retrieved from FRED.