Luxembourg - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in Luxembourg was 118.96 as of 2021. As the graph below shows, over the past 61 years this indicator reached a maximum value of 118.96 in 2021 and a minimum value of 17.09 in 1960.

Definition: Consumer price index reflects changes in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used. Data are period averages.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1960 17.09
1961 17.17
1962 17.33
1963 17.82
1964 18.38
1965 18.99
1966 19.62
1967 20.05
1968 20.57
1969 21.04
1970 22.02
1971 23.05
1972 24.25
1973 25.73
1974 28.18
1975 31.20
1976 34.26
1977 36.55
1978 37.69
1979 39.40
1980 41.88
1981 45.26
1982 49.50
1983 53.79
1984 57.25
1985 59.59
1986 59.77
1987 59.73
1988 60.59
1989 62.64
1990 64.67
1991 66.69
1992 68.79
1993 71.26
1994 72.83
1995 74.19
1996 75.06
1997 76.09
1998 76.82
1999 77.61
2000 80.05
2001 82.19
2002 83.89
2003 85.61
2004 87.52
2005 89.69
2006 92.08
2007 94.21
2008 97.42
2009 97.78
2010 100.00
2011 103.41
2012 106.16
2013 108.01
2014 108.68
2015 109.20
2016 109.52
2017 111.41
2018 113.12
2019 115.09
2020 116.03
2021 118.96

Development Relevance: A general and continuing increase in an economy’s price level is called inflation. The increase in the average prices of goods and services in the economy should be distinguished from a change in the relative prices of individual goods and services. Generally accompanying an overall increase in the price level is a change in the structure of relative prices, but it is only the average increase, not the relative price changes, that constitutes inflation. A commonly used measure of inflation is the consumer price index, which measures the prices of a representative basket of goods and services purchased by a typical household. The consumer price index is usually calculated on the basis of periodic surveys of consumer prices. Other price indices are derived implicitly from indexes of current and constant price series.

Limitations and Exceptions: Consumer price indexes should be interpreted with caution. The definition of a household, the basket of goods, and the geographic (urban or rural) and income group coverage of consumer price surveys can vary widely by country. In addition, weights are derived from household expenditure surveys, which, for budgetary reasons, tend to be conducted infrequently in developing countries, impairing comparability over time. Although useful for measuring consumer price inflation within a country, consumer price indexes are of less value in comparing countries.

Statistical Concept and Methodology: Consumer price indexes are constructed explicitly, using surveys of the cost of a defined basket of consumer goods and services.

Base Period: 2010

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices