Consumer Price Index: Harmonized Prices: Miscellaneous Goods and Services (COICOP 12): Total for Luxembourg
LUXCPHP1200IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118.69
Year-over-Year Change
3.75%
Date Range
1/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Miscellaneous Goods and Services (COICOP 12): Total for Luxembourg measures the cost of a representative basket of consumer 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 the prices paid by consumers for a diverse range of miscellaneous goods and services, including personal care, insurance, financial services, and other non-essential household expenditures in Luxembourg. It is a key indicator of inflationary pressures and consumer spending patterns.
Methodology
The data is collected through a nationwide survey of consumer prices and weighted to reflect typical household expenditures.
Historical Context
This index is closely monitored by policymakers and analysts to assess the state of the Luxembourg economy and guide fiscal and monetary policies.
Key Facts
- The index base year is 2015 = 100.
- Miscellaneous goods and services account for around 13% of the total consumer basket in Luxembourg.
- The index has risen by an average of 1.5% per year over the past decade.
FAQs
Q: What does this economic trend measure?
A: This index measures the change in prices for a basket of miscellaneous consumer goods and services in Luxembourg, including personal care, insurance, financial services, and other non-essential household expenditures.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures and consumer spending patterns in Luxembourg, providing valuable insights for policymakers, businesses, and households.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices and weighted to reflect typical household expenditures in Luxembourg.
Q: How is this trend used in economic policy?
A: This index is closely monitored by policymakers and analysts to assess the state of the Luxembourg economy and guide fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical delay of 2-3 weeks.
Related Trends
Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Luxembourg
CPGREN01LUA657N
Gross Domestic Product Per Capita for Luxembourg
PCAGDPLUA646NWDB
Interest Rates: 3-Month or 90-Day Rates and Yields: Interbank Rates: Total for Luxembourg
IR3TIB01LUM156N
Harmonized Index of Consumer Prices: All Items Excluding Mainly Administered Prices for Luxembourg
00XAP0LUM086NEST
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Luxembourg
LUXCPHP0700IXOBM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Luxembourg
LUXCPIENGAINMEI
Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Miscellaneous Goods and Services (COICOP 12): Total for Luxembourg (LUXCPHP1200IXEBM), retrieved from FRED.