Harmonized Index of Consumer Prices: Passenger Transport by Air for Luxembourg
CP0733LUM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
191.40
Year-over-Year Change
8.39%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Passenger Transport by Air for Luxembourg measures the change in prices paid by consumers for air travel services in Luxembourg. This metric is a key indicator of inflation and consumer spending patterns within the air transport sector.
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 European Union member states. The Passenger Transport by Air subindex tracks price movements for air travel services consumed by households in Luxembourg, providing insights into a crucial component of consumer expenditure.
Methodology
The data is collected through surveys of prices paid by consumers for a representative basket of air travel services.
Historical Context
This index is used by policymakers and analysts to assess inflationary pressures and consumer behavior within the Luxembourgish aviation market.
Key Facts
- The base year for this index is 2015.
- Air travel accounts for approximately 2% of the total consumer expenditure basket in Luxembourg.
- Prices are collected from a sample of airlines and travel agencies operating in Luxembourg.
FAQs
Q: What does this economic trend measure?
A: This index measures the change in prices paid by consumers in Luxembourg for air travel services, as part of the broader Harmonized Index of Consumer Prices.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into inflationary pressures and consumer spending patterns within the Luxembourgish aviation market, which is a key component of the overall economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices paid by consumers for a representative basket of air travel services in Luxembourg.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess inflationary pressures and consumer behavior within the Luxembourgish aviation market, which informs broader economic policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical delay of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Passenger Transport by Air for Luxembourg (CP0733LUM086NEST), retrieved from FRED.