Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Luxembourg
Index 2015=100, Annual
LUXCPICORAINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.59
Year-over-Year Change
25.65%
Date Range
1/1/1967 - 1/1/2024
Summary
The Index 2015=100, Annual trend measures the annual change in consumer prices in Luxembourg. This key inflation indicator is closely monitored by policymakers and economists to assess the health of 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
The Index 2015=100, Annual is a price index that tracks the annual percent change in the overall consumer price level in Luxembourg. It is a widely used gauge of inflation that reflects changes in the cost of a basket of consumer goods and services.
Methodology
The data is collected through surveys of consumer spending and prices by Luxembourg's national statistical agency.
Historical Context
Policymakers and central banks analyze this index to inform monetary policy decisions and economic forecasts.
Key Facts
- Luxembourg's annual inflation rate was 5.4% in 2022.
- The index uses 2015 as the base year with a value of 100.
- Inflation has a significant impact on consumer purchasing power.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Annual measures the annual percent change in consumer prices in Luxembourg. It is a key indicator of inflation in the country.
Q: Why is this trend relevant for users or analysts?
A: This inflation index is closely watched by policymakers, economists, and businesses to assess the overall price environment and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer spending and prices by Luxembourg's national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and central banks analyze this index to inform monetary policy decisions and economic forecasts.
Q: Are there update delays or limitations?
A: The index is published annually with a short delay, providing a reliable, comprehensive measure of inflation in Luxembourg.
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Citation
U.S. Federal Reserve, Index 2015=100, Annual (LUXCPICORAINMEI), retrieved from FRED.