Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Luxembourg
LUXCP020000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.72
Year-over-Year Change
67.20%
Date Range
1/1/1996 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Luxembourg measures changes in the prices of these consumer goods and services. This trend is a key indicator of inflation and consumer purchasing power 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 CPI for Alcoholic Beverages, Tobacco and Narcotics represents a sub-category within the broader Luxembourg CPI, which tracks changes in the cost of a fixed basket of consumer goods and services. This metric is used by economists and policymakers to assess the state of the Luxembourgish economy and inform monetary and fiscal policies.
Methodology
The Luxembourg CPI data is collected through surveys of retail prices for a representative sample of goods and services.
Historical Context
Trends in this CPI sub-index can provide insights into consumer behavior and the overall cost of living in Luxembourg.
Key Facts
- Luxembourg's CPI for Alcoholic Beverages, Tobacco and Narcotics has a base year of 2015.
- This sub-index accounts for approximately 3.5% of the total Luxembourg CPI basket.
- Trends in this CPI component can indicate changing consumer preferences and discretionary spending patterns.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Luxembourg measures changes in the prices of these consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: This CPI sub-index provides insights into inflation and consumer purchasing power in Luxembourg, which are important for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The Luxembourg CPI data is collected through surveys of retail prices for a representative sample of goods and services.
Q: How is this trend used in economic policy?
A: Trends in this CPI component can inform monetary and fiscal policies by signaling changes in consumer behavior and the overall cost of living in Luxembourg.
Q: Are there update delays or limitations?
A: The Luxembourg CPI data is published on a monthly basis, but there may be some delays in data availability.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Luxembourg (LUXCP020000GYQ), retrieved from FRED.