Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Luxembourg
LUXCPHP1000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.60
Year-over-Year Change
-62.50%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Education in Luxembourg measures changes in the prices of educational goods and services. This key economic indicator provides insights into inflation and consumer spending patterns in the education 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 Education CPI for Luxembourg is part of the Harmonized Index of Consumer Prices (HICP), a standardized measure of inflation used across the European Union. It tracks the prices of a representative basket of educational items, including tuition fees, textbooks, and other supplies.
Methodology
The data is collected through surveys of consumers and businesses.
Historical Context
Policymakers and economists monitor education price trends to understand the cost of living and assess the affordability of education for households.
Key Facts
- The Education CPI for Luxembourg has a base year of 1999.
- Education costs make up approximately 1.3% of the total consumer expenditure basket in Luxembourg.
- Prices for education in Luxembourg have risen by an average of 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Education CPI for Luxembourg measures changes in the prices of educational goods and services, including tuition fees, textbooks, and other supplies.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into inflation and consumer spending patterns in the education sector, which is crucial for understanding the cost of living and the affordability of education for households.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumers and businesses.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor education price trends to assess the cost of living and the affordability of education for households.
Q: Are there update delays or limitations?
A: The Education CPI for Luxembourg is published monthly with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Luxembourg (LUXCPHP1000GYM), retrieved from FRED.