Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Luxembourg
LUXCP040000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.44
Year-over-Year Change
-39.86%
Date Range
2/1/1995 - 12/1/2023
Summary
The Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04) for Luxembourg measures the cost of housing, utilities, and related expenses for consumers in the country. This metric is a key indicator of inflation and living costs, which are vital for policymakers and economists.
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
This index tracks the prices of a basket of housing-related goods and services, including rent, utilities, and household fuels. It provides insight into the evolving cost of basic necessities and is used to inform economic analysis, monetary policy, and consumer spending trends.
Methodology
The data is collected through surveys of consumer expenditures and retail prices.
Historical Context
This index is closely monitored by the Central Bank of Luxembourg and other government agencies to assess inflationary pressures and the overall state of the economy.
Key Facts
- The index has a base year of 2015 = 100.
- Housing and utilities account for over 20% of the Luxembourg consumer price basket.
- Prices in this category have risen by an average of 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04) for Luxembourg tracks the prices of housing-related goods and services, including rent, utilities, and household fuels.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflation and living costs in Luxembourg, providing vital information for policymakers, economists, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and retail prices.
Q: How is this trend used in economic policy?
A: The index is closely monitored by the Central Bank of Luxembourg and other government agencies to assess inflationary pressures and the overall state of the economy.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with minimal delays, providing timely insight into housing and utility costs in Luxembourg.
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Citation
U.S. Federal Reserve, Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Luxembourg (LUXCP040000GPM), retrieved from FRED.