Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Luxembourg
LUXCP110000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
131.75
Year-over-Year Change
2.31%
Date Range
1/1/1995 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Restaurants and Hotels in Luxembourg measures the changes in prices paid by consumers for dining, lodging, and related services. This index is a key indicator of inflationary trends in the country's service sector.
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 Restaurants and Hotels CPI for Luxembourg is a component of the broader Consumer Price Index, which tracks the cost of a representative basket of goods and services purchased by consumers. This subindex focuses specifically on the costs associated with dining out, staying in hotels, and other hospitality-related expenditures.
Methodology
The data is collected through regular surveys of consumer prices by Luxembourg's national statistical agency.
Historical Context
The Restaurants and Hotels CPI is used by policymakers, economists, and market analysts to assess service-sector inflation and consumer spending patterns.
Key Facts
- The base year for the Luxembourg Restaurants and Hotels CPI is 2015.
- This index has been published monthly since January 1999.
- Restaurants and Hotels account for approximately 8% of the total Luxembourg CPI basket.
FAQs
Q: What does this economic trend measure?
A: The Restaurants and Hotels CPI for Luxembourg measures the changes in prices paid by consumers for dining, lodging, and related services in the country.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures in Luxembourg's service sector, which is important for understanding consumer spending patterns and the overall cost of living.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of consumer prices by Luxembourg's national statistical agency.
Q: How is this trend used in economic policy?
A: The Restaurants and Hotels CPI is used by policymakers, economists, and market analysts to assess service-sector inflation and consumer spending patterns in Luxembourg.
Q: Are there update delays or limitations?
A: The Restaurants and Hotels CPI for Luxembourg is published monthly with no significant update delays.
Related Trends
Composite Leading Indicators: Composite Consumer Confidence Amplitude Adjusted for Luxembourg
CSCICP03LUM665S
Consumer Price Index: Rent, Repairs, and Maintenance for Luxembourg
CPSEHO05LUQ661N
Business Tendency Surveys: Employment: Economic Activity: Construction: Future Tendency for Luxembourg
BCEMFT02LUM460S
Infra-Annual Labor Statistics: Employment: Economic Activity: Services: Total for Luxembourg
LFEASETTLUQ647N
Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: From 15 to 24 Years for Luxembourg
LRHU24MALUM156N
National Accounts: GDP by Expenditure: Current Prices: Changes in Inventories and Net Acquisition of Valuables for Luxembourg
LUXCINSQDSMEI
Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Luxembourg (LUXCP110000IXOBM), retrieved from FRED.