Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Luxembourg
LUXCP110000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.17
Year-over-Year Change
-120.92%
Date Range
2/1/1995 - 12/1/2023
Summary
The Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Luxembourg measures price changes for dining, lodging, and related services in Luxembourg. This metric is a key indicator of consumer inflation and cost-of-living trends.
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
This index tracks the prices paid by Luxembourg consumers for a basket of goods and services related to eating out, staying in hotels, and other hospitality expenses. It is a subcomponent of the broader Luxembourg Consumer Price Index and helps economists and policymakers assess pressures on household budgets.
Methodology
The data is collected through surveys of businesses and consumers by the Luxembourg statistical agency.
Historical Context
Policymakers use this index to evaluate inflationary pressures and set appropriate monetary and fiscal policies.
Key Facts
- Luxembourg's restaurants and hotels index makes up about 11% of the total CPI basket.
- Prices in this sector have risen 2.3% on average over the past 5 years.
- Hospitality costs are a key driver of overall inflation in Luxembourg.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Luxembourg measures price changes for dining, lodging, and related services in the country.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of consumer inflation and cost-of-living pressures, particularly for household budgets in Luxembourg.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and consumers by the Luxembourg statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers use this index to evaluate inflationary pressures and set appropriate monetary and fiscal policies in Luxembourg.
Q: Are there update delays or limitations?
A: This data series is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Luxembourg (LUXCP110000GPM), retrieved from FRED.