Consumer Price Index: Harmonized Prices: All Items Less Food, Energy, Tobacco, Alcohol: Total for Luxembourg
LUXCPHPLA01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.30
Year-over-Year Change
N/A%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: All Items Less Food, Energy, Tobacco, Alcohol: Total for Luxembourg measures changes in the prices of goods and services in Luxembourg, excluding food, energy, tobacco, and alcohol. This index is a key indicator of underlying inflation trends in the 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
This index is part of the Harmonized Indices of Consumer Prices (HICP), a set of European Union consumer price indices that allow for cross-country comparisons. It provides a measure of general price level changes, excluding volatile food and energy components, to give insight into core inflationary pressures.
Methodology
The data is collected through surveys of consumer purchases and calculated using a weighted average of price changes.
Historical Context
This index is used by policymakers and analysts to assess underlying inflationary pressures and guide monetary policy decisions.
Key Facts
- Luxembourg's CPI excluding food, energy, tobacco, and alcohol was 103.58 in December 2022.
- This index has risen by 5.1% over the past year, indicating persistent inflationary pressures.
- The index is published monthly by the European Union's statistical agency, Eurostat.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of goods and services in Luxembourg, excluding food, energy, tobacco, and alcohol. It provides insight into core inflationary pressures in the economy.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator used by policymakers and analysts to assess underlying inflation trends and guide monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer purchases and calculated using a weighted average of price changes.
Q: How is this trend used in economic policy?
A: This index is used by the European Central Bank and other policymakers to evaluate inflationary pressures and make decisions about monetary policy in Luxembourg and the Eurozone.
Q: Are there update delays or limitations?
A: The index is published monthly by Eurostat with a lag of approximately one month.
Related Trends
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: All Items Less Food, Energy, Tobacco, Alcohol: Total for Luxembourg (LUXCPHPLA01GPM), retrieved from FRED.