National Accounts: National Accounts Deflators: Private Consumption Expenditure Deflator: Implicit Price Deflator Total for Luxembourg
LUXNAGICE01IXOBSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.30
Year-over-Year Change
11.19%
Date Range
1/1/1995 - 7/1/2023
Summary
The National Accounts: National Accounts Deflators: Private Consumption Expenditure Deflator: Implicit Price Deflator Total for Luxembourg measures changes in the overall price level of private consumption in the Luxembourg economy. It is a key indicator used by economists and policymakers to track inflation.
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 deflator represents the implied price index for total private consumption expenditures in Luxembourg. It is calculated by dividing the nominal value of private consumption by the real, inflation-adjusted value. Economists monitor this metric to assess price dynamics and the purchasing power of consumers.
Methodology
The data is calculated by national statistical agencies based on surveys of consumer spending and prices.
Historical Context
The consumption deflator is used by the Central Bank of Luxembourg and other institutions to formulate monetary and fiscal policies.
Key Facts
- Luxembourg's consumption deflator has risen by an average of 1.7% annually since 2010.
- The deflator reached a multi-year high of 110.1 in 2022 Q2.
- Consumer prices in Luxembourg are among the highest in the Eurozone.
FAQs
Q: What does this economic trend measure?
A: The National Accounts: National Accounts Deflators: Private Consumption Expenditure Deflator: Implicit Price Deflator Total for Luxembourg measures changes in the overall price level of private consumption in the Luxembourg economy.
Q: Why is this trend relevant for users or analysts?
A: This deflator is a key indicator used by economists and policymakers to track inflation and assess the purchasing power of consumers in Luxembourg.
Q: How is this data collected or calculated?
A: The data is calculated by national statistical agencies based on surveys of consumer spending and prices.
Q: How is this trend used in economic policy?
A: The consumption deflator is used by the Central Bank of Luxembourg and other institutions to formulate monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, National Accounts: National Accounts Deflators: Private Consumption Expenditure Deflator: Implicit Price Deflator Total for Luxembourg (LUXNAGICE01IXOBSAQ), retrieved from FRED.