Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Luxembourg
Quarterly
LUXCP020000IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.26
Year-over-Year Change
13.50%
Date Range
1/1/1995 - 1/1/2025
Summary
The Quarterly trend measures changes in luxury consumer spending in the United States. It is an important indicator for economists and policymakers to understand broader consumer demand and inflation 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
The Quarterly trend represents the quarterly index of luxury consumer prices in the U.S. It provides insights into luxury goods inflation and consumer preferences, which can inform monetary and fiscal policy decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through surveys of luxury retailers and consumers.
Historical Context
Trends in luxury consumer spending are closely watched by policymakers and market analysts for their implications on overall economic growth and inflation.
Key Facts
- Luxury goods account for over 20% of total U.S. consumer spending.
- Luxury prices have outpaced overall inflation by 2% annually since 2010.
- High-income consumers drive over 60% of luxury sales in the U.S.
FAQs
Q: What does this economic trend measure?
A: The Quarterly trend measures changes in luxury consumer prices and spending in the United States on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: Trends in luxury consumer spending provide insights into broader economic conditions, consumer demand, and inflation pressures that are closely watched by policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics through surveys of luxury retailers and consumers.
Q: How is this trend used in economic policy?
A: Luxury consumer spending trends are used by economists and policymakers to assess overall economic growth, consumer demand, and inflation, which can inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Quarterly trend data is published with a 2-month lag, so the most recent quarter's data may not be fully reflected in current analyses.
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Citation
U.S. Federal Reserve, Quarterly (LUXCP020000IXOBQ), retrieved from FRED.