Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Luxembourg
Contribution to growth rate, over 1 year
LUXCP020000CTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.07
Year-over-Year Change
-59.59%
Date Range
1/1/2010 - 4/1/2025
Summary
This economic trend measures the contribution to the growth rate of a specific economic indicator over a 1-year period. It provides insights into the factors driving changes in the broader indicator.
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 contribution to growth rate, over 1 year metric analyzes how much a particular component or subcomponent is contributing to the overall growth of a larger economic indicator. This helps economists and policymakers understand the drivers behind observed changes in the headline figure.
Methodology
The data is calculated by the U.S. Federal Reserve using a proprietary methodology.
Historical Context
This trend is used by analysts to interpret the sources of economic growth or slowdown.
Key Facts
- The data is reported on a monthly basis.
- The metric is calculated as a year-over-year change.
- It covers a range of economic sectors and components.
FAQs
Q: What does this economic trend measure?
A: This trend measures the contribution of a specific economic indicator or subcomponent to the overall growth rate of a larger economic metric over a 1-year period.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the drivers behind observed changes in key economic indicators, helping analysts and policymakers better understand the composition of economic growth or slowdown.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using a proprietary methodology.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to interpret the sources of economic growth or slowdown, which can inform policy decisions and forecasting.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, with a typical lag of several weeks.
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Citation
U.S. Federal Reserve, Contribution to growth rate, over 1 year (LUXCP020000CTGYM), retrieved from FRED.