Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Luxembourg
LUXCP020000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128.55
Year-over-Year Change
2.15%
Date Range
1/1/1995 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Luxembourg measures the changes in prices of these products over time, providing insights into consumer spending patterns and inflation trends.
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 CPI series tracks the prices of alcoholic drinks, tobacco, and narcotics purchased by consumers in Luxembourg. It is a key indicator used by economists and policymakers to monitor the cost of living and inflationary pressures in the country.
Methodology
The data is collected through regular surveys of consumer prices by the national statistical agency.
Historical Context
Trends in this CPI are closely watched by the European Central Bank and Luxembourg's government in setting economic and fiscal policies.
Key Facts
- Luxembourg's CPI for Alcoholic Beverages, Tobacco and Narcotics reached a record high in 2022.
- This CPI accounts for about 4% of the total consumer price basket in Luxembourg.
- Prices in this category have risen faster than the overall Luxembourg CPI in recent years.
FAQs
Q: What does this economic trend measure?
A: This economic trend measures changes in the prices of alcoholic beverages, tobacco, and narcotics purchased by consumers in Luxembourg.
Q: Why is this trend relevant for users or analysts?
A: This CPI trend provides important insights into inflationary pressures and the cost of living in Luxembourg, which is closely monitored by policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of consumer prices by Luxembourg's national statistical agency.
Q: How is this trend used in economic policy?
A: Trends in this CPI are closely watched by the European Central Bank and Luxembourg's government in setting economic and fiscal policies.
Q: Are there update delays or limitations?
A: The CPI data is typically published on a monthly basis with minimal delays, providing timely insights into price movements.
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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 (LUXCP020000IXOBM), retrieved from FRED.