Consumer Price Index: Education (COICOP 10): Total for Luxembourg
LUXCP100000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
2/1/1995 - 12/1/2023
Summary
The Consumer Price Index: Education (COICOP 10): Total for Luxembourg measures the change in prices for educational goods and services in Luxembourg. This is a key indicator for policymakers and economists analyzing the cost of living and inflationary pressures.
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 Consumer Price Index (CPI) is a widely used measure of inflation, tracking the change in prices for a basket of consumer goods and services over time. The Education component (COICOP 10) specifically focuses on the prices of educational expenditures, which are important for understanding the cost of education and its impact on households.
Methodology
The data is collected through regular surveys of consumer prices by Luxembourg's national statistics agency.
Historical Context
This education-focused CPI trend is used by the government, central bank, and market analysts to assess the affordability of education and its effects on the overall cost of living.
Key Facts
- Education accounts for about 3% of the consumer price index in Luxembourg.
- Prices for education have risen faster than overall inflation in Luxembourg over the past decade.
- The education CPI is an important input for government policies on school funding and student aid.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Education (COICOP 10): Total for Luxembourg measures the change in prices for educational goods and services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator for understanding the cost of living and inflationary pressures, particularly as they relate to the affordability of education for households.
Q: How is this data collected or calculated?
A: The data is collected through regular consumer price surveys conducted by Luxembourg's national statistics agency.
Q: How is this trend used in economic policy?
A: The education-focused CPI trend is used by the government, central bank, and market analysts to assess the affordability of education and its effects on the overall cost of living.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Consumer Price Index: Education (COICOP 10): Total for Luxembourg (LUXCP100000GPM), retrieved from FRED.