Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for Luxembourg
LUXCPHP1200IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.44
Year-over-Year Change
1.23%
Date Range
1/1/1996 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Miscellaneous Goods and Services in Luxembourg measures price changes for a wide range of household items not covered in other CPI components. It is a key indicator of inflationary pressures in the Luxembourg economy.
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 Miscellaneous Goods and Services CPI for Luxembourg tracks the prices of a diverse basket of products and services, including personal care items, household goods, and financial services. This index is an important tool for policymakers and economists to assess overall price trends and the cost of living in the country.
Methodology
The data is collected through regular surveys of retail establishments and service providers in Luxembourg.
Historical Context
Trends in the Miscellaneous Goods and Services CPI help inform monetary policy decisions and provide insight into consumer spending patterns.
Key Facts
- The Miscellaneous Goods and Services CPI accounts for around 13% of the total Luxembourg CPI basket.
- In 2022, the Miscellaneous Goods and Services CPI in Luxembourg rose by 5.2% year-over-year.
- Personal care products and financial services are the largest components of the Miscellaneous Goods and Services CPI.
FAQs
Q: What does this economic trend measure?
A: The Miscellaneous Goods and Services CPI for Luxembourg measures price changes for a wide range of household items not covered in other CPI components, such as personal care products, household goods, and financial services.
Q: Why is this trend relevant for users or analysts?
A: This index is an important tool for policymakers and economists to assess overall price trends and the cost of living in Luxembourg, helping to inform monetary policy decisions and provide insight into consumer spending patterns.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of retail establishments and service providers in Luxembourg.
Q: How is this trend used in economic policy?
A: Trends in the Miscellaneous Goods and Services CPI help inform monetary policy decisions and provide insight into consumer spending patterns in Luxembourg.
Q: Are there update delays or limitations?
A: The Miscellaneous Goods and Services CPI for Luxembourg is updated monthly, with a typical release lag of around two weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for Luxembourg (LUXCPHP1200IXOBM), retrieved from FRED.