Harmonized Index of Consumer Prices: Services Related to Communication for Luxembourg
SERVCOLUM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
93.69
Year-over-Year Change
-4.31%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Services Related to Communication for Luxembourg measures the inflation rate for communication services in Luxembourg. This metric is a key indicator of cost-of-living changes and consumer spending patterns.
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 Harmonized Index of Consumer Prices (HICP) is a standardized measure of inflation across the European Union. The Services Related to Communication component tracks price changes for items like telephone, internet, and postal services, providing insight into the evolving costs of communication for Luxembourg residents.
Methodology
This data is collected through surveys of consumer expenditures and prices by Eurostat, the statistical office of the European Union.
Historical Context
The HICP is used by policymakers and central banks to monitor and manage inflation within the Eurozone.
Key Facts
- Luxembourg's communication services inflation was 3.2% in 2022.
- The HICP has been the EU's primary inflation measure since 1997.
- Communication accounts for about 3.5% of the Luxembourg consumer basket.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Services Related to Communication for Luxembourg measures the inflation rate for communication services, including telephone, internet, and postal costs, in Luxembourg.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the changing costs of essential communication services for Luxembourg residents, which is a key component of overall consumer price inflation and cost-of-living trends.
Q: How is this data collected or calculated?
A: The data is collected through consumer expenditure and price surveys conducted by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: The HICP is a crucial indicator used by policymakers and central banks to monitor and manage inflation within the Eurozone.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Services Related to Communication for Luxembourg (SERVCOLUM086NEST), retrieved from FRED.