Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Luxembourg
LUXCP020000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.15
Year-over-Year Change
-52.97%
Date Range
1/1/1996 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Luxembourg measures changes in the prices of these goods and services. This index is a key indicator of inflation and consumer spending patterns.
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 Alcoholic Beverages, Tobacco and Narcotics in Luxembourg is part of the broader Harmonized Index of Consumer Prices (HICP), which is used to track price changes across the Eurozone. This data series is important for policymakers and economists to assess inflationary pressures and consumer behavior.
Methodology
The data is collected through regular surveys of prices at retail outlets and service providers across Luxembourg.
Historical Context
Trends in this CPI are closely monitored by the European Central Bank and national governments to inform monetary and fiscal policies.
Key Facts
- Luxembourg's CPI for Alcoholic Beverages, Tobacco and Narcotics has a base year of 2015.
- Tobacco products make up the largest component of this CPI at over 60% weighting.
- This index is published monthly by the Luxembourg Institute of Statistics.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Luxembourg measures changes in the prices of these goods and services over time.
Q: Why is this trend relevant for users or analysts?
A: This CPI is an important indicator of inflationary pressures and consumer spending patterns in Luxembourg, which informs policymaking and economic analysis.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of prices at retail outlets and service providers across Luxembourg.
Q: How is this trend used in economic policy?
A: Trends in this CPI are closely monitored by the European Central Bank and national governments to inform monetary and fiscal policies.
Q: Are there update delays or limitations?
A: This CPI data is published monthly by the Luxembourg Institute of Statistics with minimal publication delays.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Luxembourg (LUXCP020000GYM), retrieved from FRED.