Consumer Price Index: All Items: Total for Luxembourg
LUXCPALTT01IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.17
Year-over-Year Change
3.51%
Date Range
1/1/1960 - 12/1/2023
Summary
The Consumer Price Index (CPI) for All Items in Luxembourg measures changes in the prices paid by consumers for a basket of goods and services. It is a key indicator of inflation and an important tool for economic policymakers.
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 All Items in Luxembourg tracks the cost of a fixed basket of consumer goods and services, providing a measure of the overall price level in the country. It is used to adjust wages, social benefits, and other payments to maintain purchasing power and monitor the state of the economy.
Methodology
The Luxembourg CPI is calculated monthly by the National Institute of Statistics and Economic Studies (STATEC) based on a survey of consumer expenditures.
Historical Context
The CPI is closely watched by the European Central Bank and Luxembourg's government to guide monetary and fiscal policies.
Key Facts
- Luxembourg's CPI has a base year of 2015 = 100.
- The CPI basket covers about 1,000 representative goods and services.
- The index is published on a monthly basis, typically around the 10th of each month.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for All Items in Luxembourg measures changes in the prices paid by consumers for a basket of common goods and services. It is a key indicator of inflation in the country.
Q: Why is this trend relevant for users or analysts?
A: The Luxembourg CPI is an important economic indicator used by policymakers, businesses, and consumers to understand and respond to changes in the cost of living and overall price levels in the country.
Q: How is this data collected or calculated?
A: The Luxembourg CPI is calculated monthly by the National Institute of Statistics and Economic Studies (STATEC) based on a survey of consumer expenditures.
Q: How is this trend used in economic policy?
A: The CPI is closely monitored by the European Central Bank and Luxembourg's government to guide monetary and fiscal policies aimed at maintaining price stability and supporting economic growth.
Q: Are there update delays or limitations?
A: The CPI for Luxembourg is published on a monthly basis, typically around the 10th of each month, with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: All Items: Total for Luxembourg (LUXCPALTT01IXNBM), retrieved from FRED.