Harmonized Index of Consumer Prices: Spirits for Luxembourg
CP0211LUM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.90
Year-over-Year Change
-3.07%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Spirits in Luxembourg measures changes in the prices paid by consumers for a representative basket of alcoholic spirit products over time. This metric is a key indicator of inflation and consumer purchasing power in the Luxembourg 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 HICP for Spirits in Luxembourg is a component of the broader Luxembourg HICP, which tracks the average change in prices for a wide range of consumer goods and services. The spirits subindex specifically monitors price movements for distilled alcoholic beverages like whiskey, gin, and liqueurs purchased by households.
Methodology
The data is collected through regular price surveys of retailers and service providers across Luxembourg.
Historical Context
Policymakers and economists use the HICP for Spirits to assess inflationary pressures and make informed decisions about monetary and fiscal policies.
Key Facts
- The HICP for Spirits in Luxembourg has a base year of 2015.
- Spirits account for approximately 1.5% of the total Luxembourg HICP basket.
- Prices for spirits in Luxembourg have risen by 12.4% since 2015.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Spirits in Luxembourg measures changes in the prices paid by consumers for a representative basket of alcoholic spirit products over time.
Q: Why is this trend relevant for users or analysts?
A: The HICP for Spirits is a key indicator of inflation and consumer purchasing power in the Luxembourg economy, which is important for policymakers and economists in assessing economic conditions and making informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through regular price surveys of retailers and service providers across Luxembourg.
Q: How is this trend used in economic policy?
A: Policymakers and economists use the HICP for Spirits to assess inflationary pressures and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The HICP for Spirits in Luxembourg is published monthly with a typical release lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Spirits for Luxembourg (CP0211LUM086NEST), retrieved from FRED.