Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Luxembourg
Index 2015=100, Annual
LUXCPIALLAINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122.64
Year-over-Year Change
26.15%
Date Range
1/1/1955 - 1/1/2024
Summary
The Index 2015=100, Annual trend measures the annual consumer price index in Luxembourg, a key indicator of inflation and economic conditions.
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 annual index tracks changes in the average prices paid by consumers for a basket of goods and services in Luxembourg. It is a widely-used metric for assessing the country's overall cost of living and purchasing power.
Methodology
The data is collected through surveys of consumer expenditures and prices by Luxembourg's statistical agency.
Historical Context
The Luxembourg CPI index is closely monitored by policymakers, economists, and investors to gauge the nation's economic performance and guide policy decisions.
Key Facts
- Luxembourg's annual CPI reached a high of 103.4 in 2022.
- The CPI index has a base year of 2015 with a value of 100.
- Rising consumer prices can impact household purchasing power.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Annual trend measures changes in the average prices paid by consumers for goods and services in Luxembourg.
Q: Why is this trend relevant for users or analysts?
A: The Luxembourg CPI is a key indicator of inflation and economic conditions, closely monitored by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices by Luxembourg's statistical agency.
Q: How is this trend used in economic policy?
A: The Luxembourg CPI index is used by policymakers to assess the country's economic performance and guide policy decisions.
Q: Are there update delays or limitations?
A: The annual CPI data is typically released with a short delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Index 2015=100, Annual (LUXCPIALLAINMEI), retrieved from FRED.