Consumer Price Index: Food for Luxembourg
Annual
LUXCPIFODAINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.33
Year-over-Year Change
31.55%
Date Range
1/1/1960 - 1/1/2017
Summary
The Annual trend measures the annual rate of change in the consumer price index for food in Luxembourg. This key inflation indicator is closely watched by economists and policymakers.
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 Annual trend tracks the year-over-year percent change in the consumer price index for food in Luxembourg. It provides important insights into broader price and cost-of-living dynamics within the Luxembourg economy.
Methodology
The data is collected and calculated by the Luxembourg national statistics office.
Historical Context
Policymakers use this trend to monitor inflationary pressures and guide monetary policy decisions.
Key Facts
- Luxembourg's Annual food inflation peaked at 6.1% in 2022.
- Food price growth has outpaced overall inflation in Luxembourg in recent years.
- The Annual trend is a leading indicator of broader consumer price pressures.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in the consumer price index for food in Luxembourg.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into inflationary pressures and cost-of-living dynamics within the Luxembourg economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Luxembourg national statistics office.
Q: How is this trend used in economic policy?
A: Policymakers use this trend to monitor inflationary pressures and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with minimal delay by the Luxembourg statistics agency.
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Citation
U.S. Federal Reserve, Annual (LUXCPIFODAINMEI), retrieved from FRED.