Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Residuals for Luxembourg
LUXCPSDCTGYCTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-170.65%
Date Range
1/1/2010 - 4/1/2025
Summary
The Consumer Price Indices (CPIs) for Luxembourg measure changes in the prices of consumer goods and services purchased by households. This residual-based index is an important economic indicator used to monitor inflation and inform 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 COICOP 1999: Consumer Price Index: Residuals for Luxembourg is a subindex of the overall Luxembourg CPI that focuses on the unexplained portion of price changes. It provides insight into inflationary pressures beyond what can be attributed to specific product categories.
Methodology
The data is collected through surveys of consumer prices and calculated using a residual methodology.
Historical Context
Policymakers and analysts use this index to gain a more nuanced understanding of inflationary trends in the Luxembourg economy.
Key Facts
- The index uses a base year of 1999.
- Data is published monthly by the Federal Reserve.
- Luxembourg is a member of the Eurozone.
FAQs
Q: What does this economic trend measure?
A: The COICOP 1999: Consumer Price Index: Residuals for Luxembourg measures the unexplained portion of price changes in consumer goods and services in the country.
Q: Why is this trend relevant for users or analysts?
A: This residual-based index provides additional insight into inflationary pressures beyond what can be attributed to specific product categories, making it a valuable tool for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices and calculated using a residual methodology.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to gain a more nuanced understanding of inflationary trends in the Luxembourg economy, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly by the Federal Reserve, with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Residuals for Luxembourg (LUXCPSDCTGYCTGYM), retrieved from FRED.