Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Total for Luxembourg
LUXPITGND01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.97
Year-over-Year Change
-46.25%
Date Range
2/1/1990 - 12/1/2022
Summary
The Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Total for Luxembourg measures inflation in the prices received by domestic producers of non-durable consumer goods. This indicator provides important insights into inflationary pressures and production costs in the Luxembourg economy.
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 tracks changes in the selling prices received by domestic producers of non-durable consumer goods, which include items like food, beverages, and other consumable products. It is a key measure of producer-level inflation and a leading indicator for consumer price trends.
Methodology
The data is collected through monthly surveys of Luxembourg-based producers and calculated by the statistical agency.
Historical Context
Economists and policymakers closely monitor this index to assess the state of the business cycle and inform monetary and fiscal policy decisions.
Key Facts
- The base year for this index is 2015 = 100.
- Luxembourg is a major exporter of non-durable consumer goods.
- Producer prices are a leading indicator for consumer price inflation.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the selling prices received by domestic producers of non-durable consumer goods in Luxembourg, such as food, beverages, and other consumable products.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into inflationary pressures and production costs in the Luxembourg economy, which is a key input for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of Luxembourg-based producers and calculated by the statistical agency.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this index to assess the state of the business cycle and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical release lag of several weeks.
Related Trends
Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Luxembourg
LUXFCBODCANUM
Harmonized Index of Consumer Prices: Beer for Luxembourg
CP0213LUM086NEST
Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: From 25 to 54 Years for Luxembourg
LFIN25MALUA647N
Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Luxembourg
LUXFCACNUM
Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 64 Years for Luxembourg
LREM64TTLUA156S
Consumer Price Index: Harmonized Prices: Clothing and Footwear (COICOP 03): Total for Luxembourg
LUXCPHP0300GPM
Citation
U.S. Federal Reserve, Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Total for Luxembourg (LUXPITGND01GPM), retrieved from FRED.