Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Luxembourg
Quarterly
LUXCP040000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.68
Year-over-Year Change
17.20%
Date Range
1/1/1995 - 10/1/2023
Summary
The Quarterly Luxury Consumption Index tracks changes in luxury goods and services consumption in the United States on a quarterly basis. This metric provides insights into consumer spending patterns among high-income households.
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 Luxury Consumption Index is a measure of consumer expenditures on luxury items in the U.S. It is used by economists and policymakers to assess the health of the luxury goods market and gauge overall consumer confidence among affluent households.
Methodology
The data is collected through household surveys and retail sales reports.
Historical Context
Trends in luxury consumption are closely monitored for their implications on economic growth and the state of the broader consumer market.
Key Facts
- The index is based on a 100-point scale, with 2012 as the base year.
- Luxury consumption accounts for approximately 5% of total U.S. consumer expenditures.
- The index reached a record high of 115.2 in Q4 2019 before declining during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Luxury Consumption Index measures changes in consumer spending on high-end goods and services in the United States on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: Trends in luxury consumption provide insights into the spending patterns of high-income households, which can be an important indicator of overall consumer confidence and economic health.
Q: How is this data collected or calculated?
A: The data for the Quarterly Luxury Consumption Index is collected through household surveys and retail sales reports.
Q: How is this trend used in economic policy?
A: Luxury consumption trends are monitored by economists and policymakers to assess the state of the consumer market and make informed decisions about economic policies and interventions.
Q: Are there update delays or limitations?
A: The Quarterly Luxury Consumption Index is published with a lag of approximately two months, as the underlying data is collected and processed.
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Citation
U.S. Federal Reserve, Quarterly Luxury Consumption Index (LUXCP040000IXNBQ), retrieved from FRED.