Harmonized Index of Consumer Prices: Carpets and Other Floor Coverings for Luxembourg
CP0512LUM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
133.52
Year-over-Year Change
-1.66%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices for Carpets and Other Floor Coverings in Luxembourg measures the changes in prices paid by consumers for this category of goods and services. This indicator provides insights into inflationary pressures and consumer purchasing power.
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 Carpets and Other Floor Coverings component tracks the prices of a representative basket of these products for Luxembourg, allowing economists to analyze consumer demand and price dynamics in this specific market.
Methodology
The data is collected through regular surveys of retail outlets and service providers by Luxembourg's national statistical agency.
Historical Context
Policymakers use this HICP component to assess inflationary trends and inform decisions on monetary and fiscal policies.
Key Facts
- The base year for the Luxembourg HICP is 2015 = 100.
- Carpets and other floor coverings account for approximately 0.4% of the total HICP basket in Luxembourg.
- Prices for this category have risen by an average of 2.1% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Carpets and Other Floor Coverings in Luxembourg measures the changes in prices paid by consumers for this category of goods and services.
Q: Why is this trend relevant for users or analysts?
A: This HICP component provides insights into inflationary pressures and consumer purchasing power in the Luxembourg market for carpets and floor coverings, which is valuable information for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of retail outlets and service providers by Luxembourg's national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers use this HICP component to assess inflationary trends and inform decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a typical 2-week delay, and the series may be subject to revisions.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Carpets and Other Floor Coverings for Luxembourg (CP0512LUM086NEST), retrieved from FRED.