Consumer Price Index: Harmonized Prices: Health (COICOP 06): Total for Luxembourg
LUXCPHP0600IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.96
Year-over-Year Change
4.76%
Date Range
1/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Health (COICOP 06): Total for Luxembourg measures changes in the prices of healthcare goods and services in Luxembourg over time.
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 index is part of the Harmonized Index of Consumer Prices (HICP), a standardized measure of inflation used across the European Union. It provides insights into healthcare-related price dynamics that are crucial for economic analysis and policymaking.
Methodology
The data is collected through surveys of consumer expenditures and prices by the national statistical office.
Historical Context
This index is used by the European Central Bank and national governments to monitor and manage healthcare inflation.
Key Facts
- The index is part of the Harmonized Index of Consumer Prices (HICP).
- It measures healthcare-related price changes in Luxembourg.
- The data is collected through consumer expenditure and price surveys.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of healthcare goods and services in Luxembourg over time, as part of the Harmonized Index of Consumer Prices (HICP).
Q: Why is this trend relevant for users or analysts?
A: This index provides crucial insights into healthcare-related price dynamics in Luxembourg, which is important for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices by the national statistical office.
Q: How is this trend used in economic policy?
A: This index is used by the European Central Bank and national governments to monitor and manage healthcare inflation.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness and methodological limitations of the national statistical agency's data collection process.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Health (COICOP 06): Total for Luxembourg (LUXCPHP0600IXEBM), retrieved from FRED.