Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Luxembourg
CPGRLE01LUA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.70
Year-over-Year Change
55.06%
Date Range
1/1/1968 - 1/1/2023
Summary
The Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Luxembourg measures the change in prices for non-food, non-energy goods and services in Luxembourg. This metric is important for economists and policymakers to understand underlying inflationary pressures.
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 index tracks the prices of a comprehensive basket of consumer goods and services in Luxembourg, excluding volatile food and energy items. It provides a stable measure of core inflation, which is critical for monetary policy and economic analysis.
Methodology
The data is collected through surveys of consumer purchases and calculated using a Laspeyres formula.
Historical Context
Policymakers use this index to gauge inflationary trends and make informed decisions about interest rates and other macroeconomic interventions.
Key Facts
- Luxembourg's core CPI has averaged 1.7% annual growth over the past decade.
- This index excludes volatile food and energy prices to better reflect underlying inflation.
- Policymakers monitor core CPI to guide interest rate decisions and other macroeconomic policies.
FAQs
Q: What does this economic trend measure?
A: This index measures the change in prices for a comprehensive basket of consumer goods and services in Luxembourg, excluding volatile food and energy items.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a stable measure of core inflation, which is critical for monetary policy and economic analysis in Luxembourg.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer purchases and calculated using a Laspeyres formula.
Q: How is this trend used in economic policy?
A: Policymakers use this index to gauge inflationary trends and make informed decisions about interest rates and other macroeconomic interventions.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical 1-2 month lag in data availability.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Luxembourg (CPGRLE01LUA657N), retrieved from FRED.