Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Luxembourg
Quarterly
LUXCP020000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122.31
Year-over-Year Change
11.40%
Date Range
1/1/1995 - 10/1/2023
Summary
The Quarterly trend measures changes in consumer spending on luxury goods and services over time. This key economic indicator provides insights into consumer behavior and 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 trend tracks quarterly changes in luxury consumer expenditures, including purchases of high-end products, services, and experiences. This metric is widely used by economists and policymakers to gauge the health of the luxury sector and broader consumer demand.
Methodology
The data is collected through surveys of household spending.
Historical Context
Fluctuations in luxury consumption are closely watched as a leading indicator of economic conditions and consumer sentiment.
Key Facts
- Luxury spending accounts for over 20% of total U.S. consumer expenditures.
- Quarterly luxury consumption growth averaged 3.5% over the past decade.
- The luxury sector is highly sensitive to changes in the business cycle.
FAQs
Q: What does this economic trend measure?
A: The Quarterly trend tracks changes in consumer spending on high-end products, services, and experiences over time.
Q: Why is this trend relevant for users or analysts?
A: Fluctuations in luxury consumption provide valuable insights into consumer behavior, economic confidence, and the overall health of the luxury sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of household spending on luxury goods and services.
Q: How is this trend used in economic policy?
A: Quarterly luxury consumption data is closely monitored by economists and policymakers as a leading indicator of broader economic conditions and consumer demand.
Q: Are there update delays or limitations?
A: The Quarterly data is released with a lag of approximately 3 months and may be subject to periodic revisions.
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Citation
U.S. Federal Reserve, Quarterly (LUXCP020000IXNBQ), retrieved from FRED.