Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Luxembourg
LUXCP080000CTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.04
Year-over-Year Change
-264.83%
Date Range
1/1/2010 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Communication in Luxembourg measures changes in the prices of communication-related goods and services, which include telephone and internet access, postal services, and equipment.
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 Communication CPI is a key indicator of inflation and consumer spending trends in Luxembourg. It is used by policymakers, analysts, and researchers to understand the cost-of-living dynamics and assess the effectiveness of monetary and fiscal policies.
Methodology
The data is collected through a nationwide survey of prices across a representative basket of communication goods and services.
Historical Context
The Communication CPI is an important input for the Harmonized Index of Consumer Prices (HICP), which is used to measure and compare inflation across the European Union.
Key Facts
- The Communication CPI accounts for approximately 3.4% of the overall Luxembourg CPI basket.
- Telephone and internet services make up the largest component of the Communication CPI, at around 70% of the total.
- The Communication CPI has shown relatively low inflation compared to other consumption categories in Luxembourg in recent years.
FAQs
Q: What does this economic trend measure?
A: The Communication CPI measures changes in the prices of communication-related goods and services in Luxembourg, including telephone, internet, postal, and equipment costs.
Q: Why is this trend relevant for users or analysts?
A: The Communication CPI is an important indicator of inflation and consumer spending trends in Luxembourg, which is used by policymakers, analysts, and researchers to understand the cost-of-living dynamics and assess the effectiveness of policies.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of prices across a representative basket of communication goods and services.
Q: How is this trend used in economic policy?
A: The Communication CPI is an important input for the Harmonized Index of Consumer Prices (HICP), which is used to measure and compare inflation across the European Union, informing monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The Communication CPI data is published on a monthly basis, with a typical lag of 2-3 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Luxembourg (LUXCP080000CTGYM), retrieved from FRED.