Consumer Price Index: Education (COICOP 10): Total for Luxembourg
LUXCP100000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.18
Year-over-Year Change
3.07%
Date Range
1/1/1995 - 10/1/2023
Summary
The Consumer Price Index for Education (COICOP 10) measures the inflation rate for educational goods and services in Luxembourg. It is a key indicator of cost-of-living trends and purchasing power for 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 Education CPI tracks the prices paid by consumers in Luxembourg for various educational products and services, including tuition, school supplies, and extracurricular activities. This index is used by policymakers, economists, and the public to understand changes in the affordability of education over time.
Methodology
The data is collected through regular surveys of prices paid by households in Luxembourg.
Historical Context
The Education CPI is an important input for adjusting government education budgets and evaluating the impact of economic conditions on educational access.
Key Facts
- The Education CPI is a subindex of the overall Consumer Price Index for Luxembourg.
- The baseline year for the Education CPI is 2015 = 100.
- Education costs account for around 4% of the total consumer expenditure basket in Luxembourg.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Education (COICOP 10) measures the inflation rate for educational goods and services purchased by consumers in Luxembourg.
Q: Why is this trend relevant for users or analysts?
A: The Education CPI is an important indicator of changes in the cost of living and affordability of education for households in Luxembourg.
Q: How is this data collected or calculated?
A: The data is collected through regular price surveys of educational products and services purchased by households in Luxembourg.
Q: How is this trend used in economic policy?
A: The Education CPI is used by policymakers to adjust government education budgets and assess the impact of economic conditions on educational access and affordability.
Q: Are there update delays or limitations?
A: The Education CPI for Luxembourg is published on a monthly basis with minimal delays, providing timely data for analysis.
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Citation
U.S. Federal Reserve, Consumer Price Index: Education (COICOP 10): Total for Luxembourg (LUXCP100000IXNBQ), retrieved from FRED.