Consumer Price Index: Harmonized Prices: Recreation and Culture (COICOP 09): Total for Luxembourg
LUXCPHP0900GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.60
Year-over-Year Change
12.50%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Recreation and Culture (COICOP 09): Total for Luxembourg measures inflation in recreation and culture-related goods and services in Luxembourg.
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
This index tracks changes in prices for a basket of recreation and culture items, including entertainment, sports, and media-related products and services. It is a key indicator of inflationary pressures and consumer spending in this important economic sector.
Methodology
The data is collected through surveys of consumer purchases and calculated as a price index by the Luxembourg statistical agency.
Historical Context
This trend is used by policymakers, economists, and market analysts to assess domestic demand and consumer confidence.
Key Facts
- Luxembourg's recreation and culture CPI has risen 2.3% over the past year.
- This index accounts for 7.5% of the total Luxembourg consumer price basket.
- Prices for sports equipment and cultural services have seen the largest increases recently.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of recreation and culture-related goods and services in Luxembourg, including entertainment, sports, and media products.
Q: Why is this trend relevant for users or analysts?
A: This is an important indicator of inflationary pressures and consumer demand in the recreation and culture sector, which is a significant part of the Luxembourg economy.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and calculated as a price index by the Luxembourg statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts use this trend to assess domestic demand, consumer confidence, and potential inflationary risks in Luxembourg.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Recreation and Culture (COICOP 09): Total for Luxembourg (LUXCPHP0900GPM), retrieved from FRED.