Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Luxembourg
LUXCP030000IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.65
Year-over-Year Change
8.48%
Date Range
1/1/1995 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Clothing and Footwear in Luxembourg measures the changes in retail prices for a basket of apparel and shoe items over time. This data provides insights into inflationary pressures and consumer spending in the clothing sector.
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 Clothing and Footwear CPI is a component of the broader Consumer Price Index, which tracks the average change in prices paid by consumers for a representative basket of goods and services. The Clothing and Footwear CPI specifically focuses on price movements for a range of apparel, accessories, and footwear products.
Methodology
The data is collected through regular surveys of retail outlets and service providers in Luxembourg.
Historical Context
Economists and policymakers use the Clothing and Footwear CPI to assess inflationary trends and consumer demand in the fashion and apparel industry.
Key Facts
- The Clothing and Footwear CPI is a component of the broader Luxembourg CPI.
- The index is based on a basket of representative apparel and shoe items.
- The data is used to track inflationary pressures in the fashion and retail sector.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Clothing and Footwear in Luxembourg measures the changes in retail prices for a basket of apparel and shoe items over time.
Q: Why is this trend relevant for users or analysts?
A: The Clothing and Footwear CPI provides insights into inflationary pressures and consumer spending in the fashion and retail sector, which is valuable information for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of retail outlets and service providers in Luxembourg.
Q: How is this trend used in economic policy?
A: Economists and policymakers use the Clothing and Footwear CPI to assess inflationary trends and consumer demand in the fashion and apparel industry, which can inform economic decision-making and policy.
Q: Are there update delays or limitations?
A: There may be some delays in the release of the Clothing and Footwear CPI data, and the index may not capture all price movements in the sector.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Luxembourg (LUXCP030000IXOBQ), retrieved from FRED.