Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Domestic for Luxembourg
LUXPIEAMI02GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.57
Year-over-Year Change
-2855.37%
Date Range
4/1/1995 - 10/1/2022
Summary
The Producer Prices Index for Mining and Quarrying Activities in Luxembourg measures changes in the prices producers receive for their goods and services. This metric is a key indicator of inflationary pressures and industrial production.
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 Producer Prices Index tracks price movements of commodities and services sold in the domestic Luxembourg market. It is used by policymakers, analysts, and businesses to assess cost pressures, negotiate contracts, and make informed economic decisions.
Methodology
The data is collected through surveys of producers and calculated using a Laspeyres formula.
Historical Context
This index helps contextualize broader trends in the Luxembourg economy and can inform monetary and fiscal policy.
Key Facts
- The index base year is 2015.
- Prices are collected from a sample of companies in the mining and quarrying sector.
- The index is published monthly by the Luxembourg Statistical Office.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index for Mining and Quarrying Activities in Luxembourg measures changes in the prices producers receive for their goods and services in the domestic market.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures and industrial production, providing important insights for policymakers, businesses, and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of producers and calculated using a Laspeyres formula.
Q: How is this trend used in economic policy?
A: This index helps contextualize broader trends in the Luxembourg economy and can inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly by the Luxembourg Statistical Office with no significant update delays.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Domestic for Luxembourg (LUXPIEAMI02GPQ), retrieved from FRED.