Consumer Price Index: Communication (COICOP 08): Total for Luxembourg
LUXCP080000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.04
Year-over-Year Change
-97.57%
Date Range
2/1/1995 - 12/1/2023
Summary
The Consumer Price Index for Communication (COICOP 08) in Luxembourg measures changes in the prices of communication-related goods and services. This key economic indicator helps policymakers and analysts assess inflationary pressures 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 Communication CPI for Luxembourg tracks the prices of services and products related to communication, including telephone and internet access, postal services, and equipment. This metric is a component of the broader Consumer Price Index and provides insight into a critical sector of the Luxembourgish economy.
Methodology
The data is collected through consumer surveys and price observations by the Luxembourg National Institute of Statistics and Economic Studies.
Historical Context
Policymakers and central banks use the Communication CPI to inform monetary and fiscal policies aimed at maintaining stable prices and economic growth.
Key Facts
- Luxembourg's Communication CPI has a base year of 2015.
- Communication accounts for around 4% of the Luxembourg CPI basket.
- The Communication CPI is released monthly by the Luxembourg statistical agency.
FAQs
Q: What does this economic trend measure?
A: The Communication CPI for Luxembourg measures changes in the prices of communication-related goods and services, including telephone, internet, and postal services.
Q: Why is this trend relevant for users or analysts?
A: The Communication CPI provides insight into inflationary pressures in a key sector of the Luxembourgish economy, which is important for policymakers and economists analyzing consumer spending and price stability.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and price observations by the Luxembourg National Institute of Statistics and Economic Studies.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use the Communication CPI to inform monetary and fiscal policies aimed at maintaining stable prices and economic growth.
Q: Are there update delays or limitations?
A: The Communication CPI for Luxembourg is released monthly without significant delays, providing timely data for analysts and policymakers.
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Citation
U.S. Federal Reserve, Consumer Price Index: Communication (COICOP 08): Total for Luxembourg (LUXCP080000GPM), retrieved from FRED.