Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Luxembourg
LUXCP010000IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
136.63
Year-over-Year Change
18.71%
Date Range
1/1/1955 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Luxembourg tracks price changes in this essential consumer category. This metric 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 subindex of the broader Luxembourg CPI, which measures the average change in prices paid by consumers for a basket of goods and services. This specific CPI category provides insight into price dynamics for a crucial component of household budgets.
Methodology
The Luxembourg CPI is calculated monthly based on a survey of prices from a sample of retailers.
Historical Context
Policymakers and economists closely monitor CPI trends to assess inflationary pressures and make informed decisions.
Key Facts
- Luxembourg's CPI for Food and Non-Alcoholic Beverages has a base year of 2015.
- Food and non-alcoholic beverages account for around 17% of the total Luxembourg CPI basket.
- Prices in this category have increased by an average of 2.5% per year over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Luxembourg tracks the average change in prices paid by consumers for food and non-alcoholic drink items.
Q: Why is this trend relevant for users or analysts?
A: This CPI subindex provides critical insight into inflationary pressures on a core component of household budgets, helping policymakers and economists assess the state of the Luxembourg economy.
Q: How is this data collected or calculated?
A: The Luxembourg CPI, including the Food and Non-Alcoholic Beverages subindex, is calculated monthly based on a survey of prices from a sample of retailers.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor CPI trends, including this category, to gauge inflationary pressures and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The Luxembourg CPI data is published monthly with a typical release lag of 2-3 weeks. There are no major known limitations to the data collection or calculation methodology.
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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 (LUXCP010000IXOBQ), retrieved from FRED.