Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services Less Housing (Housing Excluding Imputed Rentals for Housing) for Luxembourg
LUXCPGRLH02GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.43
Year-over-Year Change
-35.84%
Date Range
1/1/1996 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Services Less Housing in Luxembourg measures inflation in the country's service sector, excluding housing costs. This metric provides valuable insights into broader price trends and the health of the Luxembourgish economy.
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 Services Less Housing in Luxembourg tracks the prices of a basket of services consumed by households, excluding costs related to housing. This indicator is a key measure of core inflation, as it removes the volatile housing component and offers a more precise view of underlying price pressures in the service sector.
Methodology
The data is collected through a nationwide survey of consumer prices and calculated using a Laspeyres index formula.
Historical Context
This CPI metric is closely monitored by the European Central Bank and other policymakers to assess inflationary dynamics and guide monetary policy decisions.
Key Facts
- The base year for the Luxembourg CPI for Services Less Housing is 2015.
- This index excludes costs related to housing, such as rent and utilities.
- The services sector accounts for over 70% of Luxembourg's GDP.
FAQs
Q: What does this economic trend measure?
A: The CPI for Services Less Housing in Luxembourg measures changes in the prices of a basket of services consumed by households, excluding housing costs.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into core inflationary pressures in the Luxembourgish economy, helping policymakers and analysts assess the broader state of the service sector.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices and calculated using a Laspeyres index formula.
Q: How is this trend used in economic policy?
A: The CPI for Services Less Housing in Luxembourg is closely monitored by the European Central Bank and other policymakers to guide monetary policy decisions and assess inflationary dynamics.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of around two weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services Less Housing (Housing Excluding Imputed Rentals for Housing) for Luxembourg (LUXCPGRLH02GYM), retrieved from FRED.