Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Luxembourg
LUXCPGRSE01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122.55
Year-over-Year Change
2.30%
Date Range
1/1/1995 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Services in Luxembourg measures changes in the prices paid by consumers for a basket of service-related goods and services. This key economic indicator helps policymakers and analysts track 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
The CPI for Services in Luxembourg is a component of the broader Luxembourg Consumer Price Index (HICP), providing insight into price dynamics in the service sector. It is a widely referenced benchmark for understanding inflationary pressures and informing economic policies.
Methodology
The data is collected through surveys of retail establishments and service providers in Luxembourg.
Historical Context
Central banks and governments use this CPI data to monitor inflation and make informed policy decisions.
Key Facts
- The base year for the Luxembourg CPI for Services is 2015.
- Services account for over 60% of total household consumption in Luxembourg.
- The CPI for Services is a key input for the European Central Bank's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Services in Luxembourg measures changes in the prices paid by consumers for a basket of service-related goods and services.
Q: Why is this trend relevant for users or analysts?
A: This CPI data provides important insights into inflationary pressures in the service sector, which is a critical component of the Luxembourg economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and service providers in Luxembourg.
Q: How is this trend used in economic policy?
A: Central banks and governments use this CPI data to monitor inflation and make informed policy decisions.
Q: Are there update delays or limitations?
A: The CPI for Services data is published monthly with a short delay, providing timely information on price trends.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Luxembourg (LUXCPGRSE01IXOBM), retrieved from FRED.