Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Luxembourg
LUXCPHPSE01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.50
Year-over-Year Change
-69.39%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Services in Luxembourg measures changes in the prices paid by consumers for a basket of services. It is a key indicator of inflation and an important metric for economic policymakers.
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 CPI for Services in Luxembourg tracks the monthly changes in the cost of a fixed basket of consumer services, including housing, utilities, transportation, and recreation. It is a widely referenced gauge of inflationary pressures and can inform monetary policy decisions.
Methodology
The data is collected through surveys of consumers and service providers and calculated using a Laspeyres price index formula.
Historical Context
The CPI for Services is closely monitored by the European Central Bank and other institutions to assess price stability and the effectiveness of economic policies.
Key Facts
- The base year for the Luxembourg CPI for Services is 2015.
- Services account for approximately 50% of the total consumer expenditure in Luxembourg.
- The CPI for Services reached a record high of 105.91 in March 2022.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Services in Luxembourg measures the monthly changes in the prices paid by consumers for a basket of consumer services, including housing, utilities, transportation, and recreation.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Services is a key indicator of inflationary pressures in the Luxembourg economy and is closely monitored by policymakers and analysts to assess the effectiveness of economic policies.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumers and service providers and calculated using a Laspeyres price index formula.
Q: How is this trend used in economic policy?
A: The CPI for Services is used by the European Central Bank and other institutions to evaluate price stability and inform monetary policy decisions that aim to maintain low and stable inflation rates.
Q: Are there update delays or limitations?
A: The CPI for Services in Luxembourg is published monthly with a lag of approximately one month, and the data may be subject to revisions as additional information becomes available.
Related Trends
Harmonized Index of Consumer Prices: Major Durables for Indoor and Outdoor Recreation Including Musical Instruments for Luxembourg
CP0921LUM086NEST
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Luxembourg
LUXCPIHICAINMEI
Infra-Annual Labor Statistics: Monthly Unemployment Rate Female: From 15 to 24 Years for Luxembourg
LRHU24FELUM156N
Employment to Population Rate: All Ages: All Persons for Luxembourg
LREPTTTTLUQ156S
Balance of Payments: Goods: Expenditure for Luxembourg
LUXB6DBTD01CXCUSAQ
Infra-Annual Labor Statistics: Employment Male: From 25 to 54 Years for Luxembourg
LFEM25MALUA647N
Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Luxembourg (LUXCPHPSE01GYM), retrieved from FRED.