Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Overall Index Excluding Energy, Food, Alcohol and Tobacco for Luxembourg
LUXCPHPLA01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-70.59%
Date Range
1/1/1997 - 3/1/2025
Summary
The 'Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Overall Index Excluding Energy, Food, Alcohol and Tobacco for Luxembourg' measures the changes in prices for a basket of consumer goods and services in Luxembourg, excluding energy, food, alcohol, and tobacco.
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 provides insight into underlying inflationary pressures in the Luxembourg economy, excluding volatile food and energy costs. It is a key indicator used by policymakers and economists to assess core price trends and inform monetary policy decisions.
Methodology
The data is collected through a survey of consumer purchases and calculated using a Laspeyres price index formula.
Historical Context
This index is closely monitored by the European Central Bank in evaluating Luxembourg's economic conditions and price stability.
Key Facts
- Excludes volatile food and energy costs to provide a more stable measure of underlying price trends.
- Lags the overall Luxembourg CPI by about 2 months in publication.
- Has shown a steady increase of around 2% annually in recent years.
FAQs
Q: What does this economic trend measure?
A: This index measures the changes in prices for a basket of consumer goods and services in Luxembourg, excluding energy, food, alcohol, and tobacco.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into underlying inflationary pressures in the Luxembourg economy, which is useful for policymakers and economists in assessing core price trends and informing monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through a survey of consumer purchases and calculated using a Laspeyres price index formula.
Q: How is this trend used in economic policy?
A: This index is closely monitored by the European Central Bank in evaluating Luxembourg's economic conditions and price stability.
Q: Are there update delays or limitations?
A: This index lags the overall Luxembourg CPI by about 2 months in publication.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Overall Index Excluding Energy, Food, Alcohol and Tobacco for Luxembourg (LUXCPHPLA01GYM), retrieved from FRED.