Consumer Price Index: All Items: Total for Luxembourg
CPALTT01LUA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.74
Year-over-Year Change
9.70%
Date Range
1/1/1956 - 1/1/2023
Summary
The Consumer Price Index (CPI) for All Items: Total for Luxembourg measures the changes in the prices paid by consumers for a basket of goods and services. It is a key indicator of inflation and economic conditions in Luxembourg.
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 CPI for All Items: Total for Luxembourg is a comprehensive measure of the average change in prices paid by consumers for a fixed market basket of goods and services. It is used to track changes in the cost of living and assess the effectiveness of economic policies.
Methodology
The data is collected by the Statec, the national statistics institute of Luxembourg, through a survey of households and businesses.
Historical Context
The CPI is closely monitored by policymakers, economists, and investors to gauge inflationary pressures and guide economic decision-making.
Key Facts
- The CPI for Luxembourg has a base year of 2015.
- The index covers over 600 goods and services in the consumer basket.
- Luxembourg has one of the highest inflation rates in the Eurozone.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for All Items: Total for Luxembourg measures the changes in the prices paid by consumers for a basket of goods and services in the country.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a key indicator of inflation and economic conditions in Luxembourg, providing important insights for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected by the Statec, the national statistics institute of Luxembourg, through a survey of households and businesses.
Q: How is this trend used in economic policy?
A: The CPI is closely monitored by policymakers to gauge inflationary pressures and guide economic decision-making, such as setting interest rates and adjusting fiscal policies.
Q: Are there update delays or limitations?
A: The CPI data for Luxembourg is published monthly with a typical release lag of a few weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: All Items: Total for Luxembourg (CPALTT01LUA657N), retrieved from FRED.