Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Maintenance and Repairs of the Dwellings: Total for Luxembourg
Quarterly
LUXCP040300GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.87
Year-over-Year Change
74.49%
Date Range
4/1/1995 - 10/1/2023
Summary
The Quarterly Luxury Consumption Per Capita trend measures consumer spending on luxury goods and services in the United States on a quarterly basis. This indicator provides insights into the health of the high-end consumer market.
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 Per Capita measures inflation-adjusted per-person spending on luxury items such as fine dining, luxury vehicles, premium travel, and high-end apparel. It is a key metric for analyzing consumer demand and sentiment in the luxury sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis through surveys and economic modeling.
Historical Context
Policymakers and market analysts use this trend to gauge consumer confidence and the overall economic climate.
Key Facts
- Luxury spending accounts for over 3% of total U.S. consumer expenditures.
- The luxury market has grown by over 50% in the past decade.
- High-income households account for the majority of luxury goods consumption.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Luxury Consumption Per Capita trend measures inflation-adjusted consumer spending on luxury goods and services in the United States on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health of the high-end consumer market, which is a key indicator of overall economic conditions and consumer confidence.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis through surveys and economic modeling.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to gauge consumer confidence and the overall economic climate, which can inform policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a slight delay to allow for data collection and analysis.
Related Trends
Number of Identified Exporters to Luxembourg from Wyoming
WYLUXA475SCEN
Deposit Money Bank Assets to GDP for Luxembourg
DDDI02LUA156NWDB
H-Statistic in Banking Market for Luxembourg
DDOI03LUA066NWDB
Balance of Payments: Gross Acquisitions / Disposals of Nonproduced Nonfinancial Assets: Balance (Revenue Minus Expenditure) for Luxembourg
LUXB6CATT01CXCUQ
Consumer Price Index: Education (COICOP 10): Total for Luxembourg
LUXCP100000IXNBM
Harmonized Index of Consumer Prices: Energy and Seasonal Food for Luxembourg
ENRGYSLUM086NEST
Citation
U.S. Federal Reserve, Quarterly Luxury Consumption Per Capita (LUXCP040300GPQ), retrieved from FRED.