Consumer Price Index: Harmonized Prices: Food and Non-Alcoholic Beverages (COICOP 01): Total for Luxembourg
Index Eurostat base
LUXCPHP0100IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
134.14
Year-over-Year Change
7.73%
Date Range
1/1/1996 - 11/1/2023
Summary
The Index Eurostat base is a measure of price changes in consumer products and services across the Eurozone. It is a key indicator of inflation and economic conditions for policymakers and analysts.
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 Index Eurostat base tracks the relative prices of a basket of consumer goods and services in the Eurozone. It serves as a barometer for consumer price inflation, which is a major focus for the European Central Bank's monetary policy decisions.
Methodology
The index is calculated by Eurostat based on price surveys of a representative basket of consumer items across Eurozone countries.
Historical Context
The Index Eurostat base is closely watched by investors, economists, and policymakers to gauge Eurozone inflationary pressures and the efficacy of monetary policy.
Key Facts
- The index uses 2015 as its base year.
- It covers consumer expenditures across 12 Eurozone countries.
- The index is published monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: The Index Eurostat base measures changes in the prices of consumer goods and services across the Eurozone.
Q: Why is this trend relevant for users or analysts?
A: The index is a key indicator of consumer price inflation, which is closely monitored by the European Central Bank and economic analysts.
Q: How is this data collected or calculated?
A: The index is calculated by Eurostat based on price surveys of a representative basket of consumer items across Eurozone countries.
Q: How is this trend used in economic policy?
A: The Index Eurostat base is a critical input for the European Central Bank's monetary policy decisions, as it signals inflationary pressures in the Eurozone economy.
Q: Are there update delays or limitations?
A: The index is published monthly by Eurostat with a short lag, providing timely data on Eurozone consumer price trends.
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Citation
U.S. Federal Reserve, Index Eurostat base (LUXCPHP0100IXEBM), retrieved from FRED.