Harmonized Index of Consumer Prices: Unprocessed Food for Luxembourg
FOODUNLUM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
138.69
Year-over-Year Change
3.16%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Unprocessed Food for Luxembourg measures the changes in prices of unprocessed food items in the consumer basket for Luxembourg. It is a key indicator of food price inflation 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 consumer price inflation in the European Union. The Unprocessed Food component tracks the prices of raw, minimally processed food items like fresh produce, meat, and seafood.
Methodology
The data is collected by Luxembourg's national statistical agency through regular surveys of retail prices.
Historical Context
Policymakers and economists use this index to monitor price pressures and guide monetary and fiscal policies.
Key Facts
- Luxembourg's unprocessed food prices increased 3.2% year-over-year in June 2022.
- The index has a base year of 2015 = 100.
- Food accounts for about 12% of the Luxembourg consumer price basket.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Unprocessed Food for Luxembourg measures changes in the prices of raw, minimally processed food items in the consumer basket for Luxembourg.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of food price inflation in Luxembourg, which is closely watched by policymakers and economists to assess cost-of-living pressures and guide economic policies.
Q: How is this data collected or calculated?
A: The data is collected by Luxembourg's national statistical agency through regular surveys of retail prices.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to monitor price pressures and guide monetary and fiscal policies in Luxembourg.
Q: Are there update delays or limitations?
A: The index is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Unprocessed Food for Luxembourg (FOODUNLUM086NEST), retrieved from FRED.