Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Luxembourg
LUXCPHP0800GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.40
Year-over-Year Change
-380.00%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Communication in Luxembourg tracks changes in the prices of communication-related goods and services, providing insights into consumer inflation within this 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 Communication CPI for Luxembourg is a component of the Harmonized Indices of Consumer Prices (HICP), a key economic indicator used to measure and compare consumer price inflation across European Union member states. It reflects price movements for a basket of communication-related products and services representative of household expenditures.
Methodology
The data is collected through regular surveys of prices paid by consumers for a fixed basket of goods and services.
Historical Context
The Communication CPI is used by policymakers and analysts to assess inflationary pressures and inform monetary and fiscal policies.
Key Facts
- The base year for the Communication CPI in Luxembourg is 2015.
- Communication accounts for approximately 3.5% of the total household consumption basket in Luxembourg.
- Prices for communication services such as mobile phone plans and internet access are the primary drivers of this index.
FAQs
Q: What does this economic trend measure?
A: The Communication CPI for Luxembourg measures the changes in prices of communication-related goods and services, including items like mobile phone plans, internet access, and other communication-related household expenditures.
Q: Why is this trend relevant for users or analysts?
A: The Communication CPI is a key indicator of inflationary pressures within the communication sector, which is important for understanding overall consumer price dynamics and informing monetary and fiscal policies.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of prices paid by consumers for a fixed basket of communication-related goods and services.
Q: How is this trend used in economic policy?
A: The Communication CPI is used by policymakers and analysts to assess inflationary pressures within the communication sector and inform monetary and fiscal policies aimed at maintaining price stability.
Q: Are there update delays or limitations?
A: The Communication CPI for Luxembourg is published monthly with a typical delay of 1-2 months, and may be subject to revisions as more complete data becomes available.
Related Trends
Gross Domestic Product for Luxembourg
MKTGDPLUA646NWDB
Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Luxembourg
LUXPERMITQISMEI
Business Tendency Surveys: Rate of Capacity Utilisation: Economic Activity: Manufacturing: Current for Luxembourg
BSCURT02LUQ160S
Net migration for Luxembourg
SMPOPNETMLUX
Infra-Annual Labor Statistics: Employment Female: From 15 to 64 Years for Luxembourg
LFEM64FELUQ647N
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Luxembourg
LUXPROCONMISMEI
Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Luxembourg (LUXCPHP0800GYM), retrieved from FRED.