Harmonized Index of Consumer Prices: Passenger Transport by Road for Luxembourg
CP0732LUM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76.38
Year-over-Year Change
-0.27%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Passenger Transport by Road in Luxembourg measures changes in the prices paid by consumers for road transportation services. This indicator is a key metric for monitoring inflation and consumer spending trends in Luxembourg.
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 HICP for Passenger Transport by Road tracks the price of various road-based transportation services, including buses, taxis, and other for-hire vehicles. As a subcomponent of the broader HICP, this series provides insights into a specific aspect of the Luxembourg consumer experience and inflationary pressures.
Methodology
The data is collected through surveys of consumer prices by Eurostat, the statistical office of the European Union.
Historical Context
Policymakers and analysts use this HICP component to assess inflationary conditions and consumer behavior within the Luxembourg economy.
Key Facts
- The base year for the HICP is 2015 = 100.
- Passenger Transport by Road accounts for around 3.5% of the total HICP basket in Luxembourg.
- Prices for this category rose by 5.2% in Luxembourg over the past year.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Passenger Transport by Road measures changes in the prices paid by consumers in Luxembourg for various road-based transportation services, including buses, taxis, and other for-hire vehicles.
Q: Why is this trend relevant for users or analysts?
A: This HICP component provides insights into a specific aspect of the consumer experience and inflationary pressures within the Luxembourg economy, which is useful for policymakers and analysts assessing economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys conducted by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP component to monitor inflationary conditions and consumer behavior within the Luxembourg economy, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The HICP data for Luxembourg is typically published on a monthly basis with a short lag, allowing for timely analysis of economic trends.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Passenger Transport by Road for Luxembourg (CP0732LUM086NEST), retrieved from FRED.