Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Luxembourg
LUXCP030000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.34
Year-over-Year Change
-201.50%
Date Range
2/1/1995 - 12/1/2023
Summary
The Consumer Price Index (CPI) for Clothing and Footwear (COICOP 03) measures price changes for apparel and related goods in Luxembourg. It is a key economic indicator for analyzing consumer spending 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
The Clothing and Footwear CPI tracks the prices of a representative basket of clothing, shoes, and related accessories purchased by households in Luxembourg. It is part of the broader CPI, which is used to measure and monitor changes in the overall cost of living.
Methodology
The data is collected through regular surveys of retailers and consumer expenditure patterns.
Historical Context
The Clothing and Footwear CPI is used by policymakers, economists, and market analysts to understand consumer behavior and guide economic policy decisions.
Key Facts
- The CPI for Clothing and Footwear in Luxembourg has a base year of 2015.
- Clothing and footwear account for around 4% of the total consumer expenditure basket in Luxembourg.
- The index is published monthly by the Luxembourg Statistical Office.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Clothing and Footwear (COICOP 03) measures the price changes of a representative basket of apparel, shoes, and related accessories purchased by households in Luxembourg.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of consumer spending and inflationary pressures in the Luxembourg economy, providing insights for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of retailers and consumer expenditure patterns by the Luxembourg Statistical Office.
Q: How is this trend used in economic policy?
A: The Clothing and Footwear CPI is used by the Central Bank of Luxembourg and other policymakers to monitor inflation and guide decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The Clothing and Footwear CPI is published monthly with minimal delays, providing timely information on consumer price trends in Luxembourg.
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Citation
U.S. Federal Reserve, Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Luxembourg (LUXCP030000GPM), retrieved from FRED.