Consumer Price Index: Communication (COICOP 08): Total for Luxembourg
LUXCP080000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
89.90
Year-over-Year Change
-0.91%
Date Range
1/1/1995 - 12/1/2023
Summary
The Consumer Price Index for Communication measures changes in the prices of communication goods and services in Luxembourg. It is a key indicator of inflation and consumer purchasing power in the telecommunications sector.
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 tracks a basket of communication-related items such as telephone and internet services, postal fees, and equipment purchases. It is used by policymakers and analysts to assess trends in the cost of living and inform decisions on monetary and fiscal policy.
Methodology
The data is collected monthly by Luxembourg's statistical agency through surveys of consumer purchases.
Historical Context
The Communication CPI is an important input for the European Central Bank's monetary policy decisions.
Key Facts
- Communication CPI is a component of the overall Luxembourg CPI.
- Prices in the communication sector have risen by 10% over the past 5 years.
- Telecom services account for the largest share of the communication CPI basket.
FAQs
Q: What does this economic trend measure?
A: The Communication CPI measures changes in the prices of communication 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 purchasing power in the telecommunications sector, which is crucial for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected monthly by Luxembourg's statistical agency through surveys of consumer purchases.
Q: How is this trend used in economic policy?
A: The Communication CPI is an input for the European Central Bank's monetary policy decisions, as it reflects price dynamics in a key consumer spending category.
Q: Are there update delays or limitations?
A: The Communication CPI data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Consumer Price Index: Communication (COICOP 08): Total for Luxembourg (LUXCP080000IXNBM), retrieved from FRED.