Harmonized Index of Consumer Prices: Meat for Luxembourg
CP0112LUM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
146.13
Year-over-Year Change
4.39%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Meat for Luxembourg measures changes in the prices of meat products purchased by consumers in Luxembourg. This metric is a key indicator of inflationary pressures and household purchasing power.
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 Harmonized Index of Consumer Prices (HICP) is a standardized measure of inflation used across the European Union. The Meat component tracks price changes for a basket of common meat items, providing insight into a significant portion of the Luxembourg consumer's expenditures.
Methodology
The data is collected through surveys of retail establishments and calculated according to Eurostat's HICP methodology.
Historical Context
Policymakers and analysts use this index to assess the state of the Luxembourg economy and inform monetary and fiscal policy decisions.
Key Facts
- The HICP is a key statistic for the European Central Bank's monetary policy.
- Meat accounts for approximately 4% of the total Luxembourg consumer price index.
- Luxembourg's HICP data is published monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Meat for Luxembourg measures changes in the prices of meat products purchased by consumers in Luxembourg.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into inflationary pressures and household purchasing power in Luxembourg, which is crucial information for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated according to Eurostat's HICP methodology.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the state of the Luxembourg economy and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Luxembourg HICP data is published monthly by Eurostat with minimal delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Meat for Luxembourg (CP0112LUM086NEST), retrieved from FRED.