Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Luxembourg
LUXCPHP0900IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.74
Year-over-Year Change
0.44%
Date Range
1/1/1996 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Recreation and Culture in Luxembourg measures changes in the prices of goods and services related to recreational activities and cultural pursuits. This metric is a key indicator of consumer spending patterns and inflationary pressures in the country's leisure 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 Recreation and Culture CPI is a subcomponent of the broader Luxembourg Consumer Price Index (HICP), which tracks price levels for a representative basket of consumer goods and services. Economists and policymakers analyze this data to understand trends in household expenditures and make informed decisions about fiscal and monetary policy.
Methodology
The Luxembourg statistical agency collects price data from a sample of retail outlets and service providers to calculate the Recreation and Culture CPI on a monthly basis.
Historical Context
This economic indicator provides insight into consumer demand and price dynamics within Luxembourg's recreation and cultural markets.
Key Facts
- The CPI for Recreation and Culture has a base year of 2015.
- This index accounts for around 10% of the total Luxembourg HICP basket.
- Prices in the Recreation and Culture sector have risen by 5.2% over the past year.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Recreation and Culture in Luxembourg measures changes in the prices of goods and services related to leisure activities, entertainment, and cultural pursuits in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into consumer spending patterns and inflationary pressures within Luxembourg's recreation and cultural markets, which is important for economists and policymakers analyzing the broader economy.
Q: How is this data collected or calculated?
A: The Luxembourg statistical agency collects price data from a sample of retail outlets and service providers to calculate the Recreation and Culture CPI on a monthly basis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor the Recreation and Culture CPI to understand trends in household expenditures and make informed decisions about fiscal and monetary policy in Luxembourg.
Q: Are there update delays or limitations?
A: The Recreation and Culture CPI is published monthly by the Luxembourg statistical agency, with a typical release lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Luxembourg (LUXCPHP0900IXOBM), retrieved from FRED.