Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Luxembourg
LUXCP080000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.87
Year-over-Year Change
67.15%
Date Range
1/1/1996 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Communication in Luxembourg measures changes in prices for communication-related goods and services, which is a key indicator of consumer inflation.
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 CPI for Communication in Luxembourg is a subcomponent of the overall Consumer Price Index, a measure of the average change in prices paid by consumers for a basket of goods and services. This trend is used to track price changes in the communication sector, which includes items like telephone services, internet access, and other communication equipment.
Methodology
The data is collected through surveys of prices paid by households in Luxembourg.
Historical Context
The CPI for Communication is used by policymakers, economists, and market analysts to assess inflationary pressures and make informed decisions.
Key Facts
- Communication accounts for approximately 3.5% of the total CPI basket in Luxembourg.
- Prices for communication services have generally declined in Luxembourg over the past decade.
- The CPI for Communication is a leading indicator of overall consumer price trends in Luxembourg.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Communication in Luxembourg measures changes in prices for communication-related goods and services, such as telephone, internet, and other communication equipment.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Communication is a key indicator of inflationary pressures in the communication sector, which is an important component of overall consumer spending in Luxembourg.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices paid by households in Luxembourg.
Q: How is this trend used in economic policy?
A: The CPI for Communication is used by policymakers, economists, and market analysts to assess inflationary pressures and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The CPI for Communication in Luxembourg is published monthly with a typical one-month delay.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Luxembourg (LUXCP080000GYQ), retrieved from FRED.