Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Luxembourg
LUXCP110000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.84
Year-over-Year Change
-27.78%
Date Range
1/1/1996 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Restaurants and Hotels in Luxembourg measures changes in the prices of food away from home and accommodation services. It is a key indicator of inflationary pressures and consumer spending in the hospitality 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 Restaurants and Hotels CPI is a component of the overall Luxembourg Consumer Price Index, which tracks the average change in prices paid by consumers for a basket of goods and services. It is used by policymakers and economists to assess cost-of-living changes and consumer behavior.
Methodology
The data is collected through surveys of prices charged by a sample of businesses in the restaurants and hotels industry.
Historical Context
The Restaurants and Hotels CPI is analyzed alongside other economic indicators to inform monetary and fiscal policy decisions.
Key Facts
- The Restaurants and Hotels CPI has a weight of 11.27% in the overall Luxembourg CPI.
- Prices in the restaurants and hotels sector in Luxembourg have risen by an average of 2.3% annually over the past decade.
- The Restaurants and Hotels CPI is published monthly by the Luxembourg Statistical Office.
FAQs
Q: What does this economic trend measure?
A: The Restaurants and Hotels CPI measures changes in the prices of food away from home and accommodation services in Luxembourg.
Q: Why is this trend relevant for users or analysts?
A: The Restaurants and Hotels CPI is a key indicator of inflationary pressures and consumer spending in the hospitality sector, which is important for understanding overall economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices charged by a sample of businesses in the restaurants and hotels industry in Luxembourg.
Q: How is this trend used in economic policy?
A: The Restaurants and Hotels CPI is analyzed alongside other economic indicators to inform monetary and fiscal policy decisions in Luxembourg.
Q: Are there update delays or limitations?
A: The Restaurants and Hotels CPI is published monthly by the Luxembourg Statistical Office with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Luxembourg (LUXCP110000GYQ), retrieved from FRED.