Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for Luxembourg
LUXCPHP1200GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.20
Year-over-Year Change
-73.33%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Miscellaneous Goods and Services tracks price changes for a broad range of consumer items in Luxembourg. This metric is a key indicator of inflation and cost-of-living dynamics for policymakers and economists.
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 Miscellaneous Goods and Services CPI for Luxembourg is a subcomponent of the overall Consumer Price Index, which measures changes in the prices paid by consumers for a representative basket of goods and services. This specific series focuses on a diverse set of items outside of the major CPI categories, providing insights into broader inflationary pressures.
Methodology
The data is collected through surveys of consumer transactions and compiled by the statistical agency of Luxembourg.
Historical Context
Policymakers and central banks use the CPI to monitor and respond to inflationary trends, informing decisions on interest rates and other economic interventions.
Key Facts
- The CPI for Miscellaneous Goods and Services in Luxembourg has a base year of 1999.
- This index covers a wide range of consumer items, from personal care products to financial services.
- Monitoring the Miscellaneous Goods and Services CPI helps identify inflationary pressures outside of major spending categories.
FAQs
Q: What does this economic trend measure?
A: The Miscellaneous Goods and Services CPI for Luxembourg tracks changes in the prices of a diverse set of consumer items outside the major CPI categories, providing insights into broader inflationary pressures.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of overall inflation and cost-of-living dynamics, which are closely monitored by policymakers, central banks, and economists to inform economic decisions and interventions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer transactions and compiled by the statistical agency of Luxembourg.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use the CPI, including the Miscellaneous Goods and Services subindex, to monitor and respond to inflationary trends, informing decisions on interest rates and other economic interventions.
Q: Are there update delays or limitations?
A: The Miscellaneous Goods and Services CPI for Luxembourg is published on a regular schedule, but there may be some delays in data availability due to the time required for data collection and compilation.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for Luxembourg (LUXCPHP1200GYM), retrieved from FRED.