Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Luxembourg
LUXCPIHICAINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.77
Year-over-Year Change
27.85%
Date Range
1/1/1995 - 1/1/2024
Summary
The Consumer Price Index (CPI) for Luxembourg measures changes in the prices of goods and services purchased by consumers. It serves as a key indicator of inflation and is used to guide monetary policy decisions.
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 Luxembourg tracks the monthly changes in the prices of a basket of consumer goods and services, including food, housing, transportation, and recreation. It is a widely-used metric for assessing the purchasing power of the Luxembourg currency and the overall cost of living.
Methodology
The data is collected through surveys of retailers and service providers across Luxembourg.
Historical Context
The CPI is a crucial input for the European Central Bank's monetary policy, helping to inform interest rate decisions and inflation targets.
Key Facts
- The base year for the Luxembourg CPI is 2015.
- The CPI is published monthly by the Luxembourg National Institute of Statistics and Economic Studies.
- In 2022, the annual inflation rate in Luxembourg reached a multi-decade high.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Luxembourg measures changes in the prices of a basket of consumer goods and services, providing a gauge of inflation in the country.
Q: Why is this trend relevant for users or analysts?
A: The Luxembourg CPI is a crucial indicator used by policymakers, businesses, and consumers to understand the cost of living and the purchasing power of the national currency.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers and service providers across Luxembourg and then aggregated to calculate the monthly CPI.
Q: How is this trend used in economic policy?
A: The Luxembourg CPI is a key input for the European Central Bank's monetary policy decisions, helping to inform interest rate adjustments and inflation targets.
Q: Are there update delays or limitations?
A: The CPI data is published monthly by the Luxembourg National Institute of Statistics and Economic Studies, 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: Total for Luxembourg (LUXCPIHICAINMEI), retrieved from FRED.