Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Luxembourg
Index source base
LUXCP030000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117.51
Year-over-Year Change
3.02%
Date Range
1/1/1995 - 12/1/2023
Summary
The Index Source Base measures the average price of consumer goods and services purchased by households. It is a key economic indicator used to track inflation and guide policymakers.
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 Index Source Base is a price index that tracks the average change over time in the prices paid by consumers for a basket of goods and services. It is a widely-watched metric for understanding cost-of-living trends and inflationary pressures in the economy.
Methodology
The data is collected through surveys of consumer expenditures and prices by the U.S. Bureau of Labor Statistics.
Historical Context
The Index Source Base is used by the Federal Reserve and other policymakers to inform monetary policy decisions.
Key Facts
- The index base year is currently 2015.
- It covers a representative basket of over 80,000 consumer goods and services.
- The Index Source Base is published monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Index Source Base measures the average change in prices paid by consumers for a representative basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: The Index Source Base is a key indicator of inflationary pressures in the economy, helping policymakers and analysts understand cost-of-living trends.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Index Source Base is used by the Federal Reserve and other policymakers to inform monetary policy decisions aimed at maintaining price stability.
Q: Are there update delays or limitations?
A: The Index Source Base is published monthly with a typical release lag of around two weeks.
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Citation
U.S. Federal Reserve, Index Source Base (LUXCP030000IXNBM), retrieved from FRED.