Harmonized Index of Consumer Prices: Tobacco for Luxembourg
CP0220LUM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
144.63
Year-over-Year Change
11.70%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Tobacco for Luxembourg measures the price changes of tobacco products in Luxembourg over time. This metric is closely watched by policymakers and economists to understand inflationary trends and consumer spending in the country.
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 across the European Union. The Tobacco HICP for Luxembourg specifically tracks price changes for a basket of tobacco products, providing insights into consumption patterns and the overall cost of living.
Methodology
The data is collected through regular surveys of consumer prices by Eurostat, the statistical office of the European Union.
Historical Context
The Tobacco HICP is used by the European Central Bank and Luxembourg's government to inform monetary and fiscal policies.
Key Facts
- Luxembourg has one of the highest tobacco prices in the EU.
- Tobacco accounts for around 2% of the total HICP basket in Luxembourg.
- The Tobacco HICP has shown steady increases in recent years.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Tobacco for Luxembourg measures the price changes of tobacco products in the country over time.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into inflationary pressures and consumer spending patterns related to tobacco products, which is useful for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through regular consumer price surveys conducted by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: The Tobacco HICP is utilized by the European Central Bank and Luxembourg's government to inform monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The Tobacco HICP data is published monthly with a relatively short delay, providing timely information on this aspect of consumer prices.
Related Trends
Bank Credit to Bank Deposits for Luxembourg
DDSI04LUA156NWDB
Infra-Annual Labor Statistics: Employment Rate Total: From 25 to 54 Years for Luxembourg
LREM25TTLUQ156S
Infra-Annual Labor Statistics: Labor Force Male: From 15 to 74 Years for Luxembourg
LFAC74MALUQ647S
Cash surplus/deficit (% of GDP) for Luxembourg
CASHBLLUA188A
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for Luxembourg
LUXCPHP1200IXOBM
Infra-Annual Labor Statistics: Monthly Unemployment Female: From 15 to 24 Years for Luxembourg
LFHU24FELUM647N
Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Tobacco for Luxembourg (CP0220LUM086NEST), retrieved from FRED.