Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Luxembourg
Quarterly
LUXCP110000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.27
Year-over-Year Change
749.57%
Date Range
4/1/1995 - 10/1/2023
Summary
The Quarterly trend measures the total value of consumer purchases in the United States, providing key insights into overall economic activity and consumer spending patterns.
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 data series tracks the total inflation-adjusted value of goods and services purchased by U.S. consumers on a quarterly basis. It is a widely-watched indicator of the health and direction of the economy, as consumer spending accounts for a large portion of GDP.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts closely monitor this trend to assess the strength of consumer demand and its implications for economic growth and monetary policy.
Key Facts
- Consumer spending makes up about 70% of U.S. GDP.
- The Quarterly trend reached a record high in Q4 2021.
- Quarterly data is published about a month after the end of each quarter.
FAQs
Q: What does this economic trend measure?
A: The Quarterly trend measures the total value of consumer purchases in the United States on a quarterly basis, providing insights into overall economic activity and consumer spending patterns.
Q: Why is this trend relevant for users or analysts?
A: This data is a widely-watched indicator of the health and direction of the economy, as consumer spending accounts for a large portion of GDP. It is closely monitored by policymakers and analysts to assess the strength of consumer demand and its implications for economic growth and monetary policy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to assess the strength of consumer demand and its implications for economic growth and monetary policy.
Q: Are there update delays or limitations?
A: Quarterly data is published about a month after the end of each quarter.
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Citation
U.S. Federal Reserve, Quarterly (LUXCP110000GPQ), retrieved from FRED.