Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Luxembourg
LUXCPHP0100IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
136.70
Year-over-Year Change
0.85%
Date Range
1/1/1996 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Luxembourg measures changes in the prices paid by consumers for a basket of food and non-alcoholic beverage items. It is a key indicator of inflation and a critical statistic for economic policymaking.
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 Food and Non-Alcoholic Beverages in Luxembourg is part of the broader Harmonized Index of Consumer Prices (HICP), a measure of consumer inflation across the European Union. It tracks price changes for a representative basket of common food and drink purchases by households.
Methodology
The data is collected by Luxembourg's national statistical agency through surveys of consumer prices at retail outlets.
Historical Context
Policymakers and analysts use this CPI to assess price stability and the cost of living for Luxembourg residents.
Key Facts
- Luxembourg's CPI for Food and Non-Alcoholic Beverages has a base year of 2015.
- This index accounts for approximately 16% of the total Luxembourg HICP basket.
- Prices are collected from a sample of over 3,000 retail outlets across the country.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Luxembourg measures changes in the prices paid by consumers for a basket of common food and drink items.
Q: Why is this trend relevant for users or analysts?
A: This CPI is a key indicator of inflation and the cost of living for Luxembourg residents, making it crucial for policymakers and economists analyzing price stability and consumer spending.
Q: How is this data collected or calculated?
A: The data is collected by Luxembourg's national statistical agency through surveys of consumer prices at retail outlets across the country.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this CPI to assess inflationary pressures and the real purchasing power of Luxembourg consumers, informing decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The CPI for Food and Non-Alcoholic Beverages in Luxembourg is published monthly with a typical 2-week delay, providing timely data for monitoring price trends.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Luxembourg (LUXCPHP0100IXOBM), retrieved from FRED.