Consumer Price Index: Harmonized Prices: Recreation and Culture (COICOP 09): Total for Luxembourg
LUXCPHP0900IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.24
Year-over-Year Change
5.31%
Date Range
1/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Recreation and Culture (COICOP 09): Total for Luxembourg tracks changes in the prices of recreational and cultural 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 economic indicator is part of the harmonized index of consumer prices (HICP), which is a standardized measure of inflation across the European Union. It provides insight into the cost of living and consumer purchasing power in Luxembourg.
Methodology
The data is collected through a monthly survey of consumer prices by the Statec, Luxembourg's national statistical institute.
Historical Context
This index is closely monitored by policymakers and analysts to assess inflationary pressures and inform economic policy decisions.
Key Facts
- Luxembourg's recreation and culture CPI has increased by 2.3% over the past year.
- Prices for recreational and cultural goods and services make up approximately 10% of the total consumer basket in Luxembourg.
- The recreation and culture CPI is a component of the overall harmonized index of consumer prices (HICP) for Luxembourg.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Harmonized Prices: Recreation and Culture (COICOP 09): Total for Luxembourg measures changes in the prices of recreational and cultural goods and services in Luxembourg.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the cost of living and consumer purchasing power in Luxembourg, which is important for policymakers and analysts to assess inflationary pressures and inform economic decisions.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of consumer prices by the Statec, Luxembourg's national statistical institute.
Q: How is this trend used in economic policy?
A: The recreation and culture CPI is closely monitored by policymakers and analysts to assess inflationary pressures and inform economic policy decisions in Luxembourg.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Recreation and Culture (COICOP 09): Total for Luxembourg (LUXCPHP0900IXEBM), retrieved from FRED.