Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Luxembourg
LUXCP080000IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90.14
Year-over-Year Change
0.58%
Date Range
1/1/1995 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Communication in Luxembourg measures the changes in prices paid by consumers for communication-related goods and services. This metric is a key indicator of inflation and consumer purchasing power.
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 is part of the broader Consumer Price Index, which tracks the average change in prices paid by consumers for a basket of goods and services. The Communication CPI specifically focuses on the prices of telecommunication devices, internet access, postal services, and other communication-related expenditures.
Methodology
The data is collected through surveys of consumer transactions and calculated according to international CPI standards.
Historical Context
Policymakers and analysts use the Communication CPI to understand broader trends in the cost of living and consumer inflation.
Key Facts
- Communication costs make up around 2.5% of the typical consumer's expenditures in Luxembourg.
- The Communication CPI has risen by an average of 1.2% per year over the past decade.
- Telecommunication services account for the largest share of communication-related spending in Luxembourg.
FAQs
Q: What does this economic trend measure?
A: The Communication CPI for Luxembourg measures the changes in prices paid by consumers for telecommunication devices, internet access, postal services, and other communication-related goods and services.
Q: Why is this trend relevant for users or analysts?
A: The Communication CPI is a key indicator of consumer inflation and purchasing power, providing insights into the cost of living and price pressures in the communication sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer transactions and calculated according to international CPI standards.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Communication CPI to understand broader trends in consumer inflation and the cost of living, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Communication CPI for Luxembourg is published monthly with a typical 1-2 month delay, and may be subject to minor revisions over time.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Luxembourg (LUXCP080000IXOBQ), retrieved from FRED.