Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Luxembourg
LUXCP080000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90.05
Year-over-Year Change
-2.34%
Date Range
1/1/1995 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Communication in Luxembourg is a key economic indicator that tracks changes in the prices of communication-related goods and services. It provides insights into the cost of living and inflationary pressures in the communication 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 CPI for Communication in Luxembourg is a component of the broader Consumer Price Index, which measures the changes in the prices of a basket of consumer goods and services. The Communication CPI specifically focuses on the prices of items like telephone and internet services, postal charges, and other communication-related expenditures.
Methodology
The data is collected by Luxembourg's statistical agency through regular price surveys of a representative sample of communication-related goods and services.
Historical Context
The Communication CPI is used by policymakers, economists, and businesses to assess inflationary trends and make informed decisions about monetary policy, consumer behavior, and market conditions.
Key Facts
- The base year for the Communication CPI in Luxembourg is 2015.
- The Communication CPI is a subcomponent of the overall Consumer Price Index for Luxembourg.
- Communication-related expenses account for approximately 2.5% of the total consumer basket in Luxembourg.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Communication in Luxembourg measures the changes in the prices of communication-related goods and services, such as telephone, internet, and postal services.
Q: Why is this trend relevant for users or analysts?
A: The Communication CPI is an important indicator of inflationary pressures and cost-of-living changes in the communication sector, which is vital for consumers, businesses, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected by Luxembourg's statistical agency through regular price surveys of a representative sample of communication-related goods and services.
Q: How is this trend used in economic policy?
A: The Communication CPI is used by policymakers, economists, and businesses to assess inflationary trends and make informed decisions about monetary policy, consumer behavior, and market conditions.
Q: Are there update delays or limitations?
A: The Communication CPI for Luxembourg is typically published on a monthly basis, with a short delay to allow for data collection and processing.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Luxembourg (LUXCP080000IXOBM), retrieved from FRED.