Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Luxembourg
LUXCP080000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.34
Year-over-Year Change
-294.02%
Date Range
1/1/1996 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Communication in Luxembourg measures the cost of a basket of goods and services related to communication, such as telephone, internet, and postal services. This data is crucial for understanding overall inflation and consumer spending trends in the country.
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 is a component of the broader Consumer Price Index, which tracks changes in the cost of living for households in Luxembourg. It provides insights into inflationary pressures and consumer behavior within the communication sector, an important part of the modern economy.
Methodology
The data is collected by Luxembourg's national statistical agency through surveys of consumer prices.
Historical Context
The Communication CPI is used by policymakers and analysts to assess the state of the Luxembourg economy and guide decisions on monetary and fiscal policy.
Key Facts
- The Communication CPI has a base year of 1999.
- Communication accounts for around 3% of the total Luxembourg CPI basket.
- Prices for communication services have generally risen slower than overall inflation in Luxembourg.
FAQs
Q: What does this economic trend measure?
A: The Communication CPI measures the prices of a basket of goods and services related to communication, such as telephone, internet, and postal services, in Luxembourg.
Q: Why is this trend relevant for users or analysts?
A: The Communication CPI provides insights into inflationary pressures and consumer behavior within the communication sector, which is an important part of the modern economy. It is used by policymakers and analysts to assess the state of the Luxembourg economy.
Q: How is this data collected or calculated?
A: The data is collected by Luxembourg's national statistical agency through surveys of consumer prices.
Q: How is this trend used in economic policy?
A: The Communication CPI is used by policymakers and analysts to assess the state of the Luxembourg economy and guide decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the national statistical agency, but there may be some delays in reporting due to the time required for data collection and analysis.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Luxembourg (LUXCP080000GYM), retrieved from FRED.