Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Luxembourg
LUXCP040000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.19
Year-over-Year Change
-241.97%
Date Range
4/1/1995 - 10/1/2023
Summary
The Consumer Price Index (CPI) for Housing, Water, Electricity, Gas and Other Fuels in Luxembourg measures changes in the prices of these essential household expenses. It is a key indicator of domestic 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 CPI 04 category tracks the prices of utilities, rent, and other housing-related costs in Luxembourg. This metric is widely used by policymakers, economists, and consumers to assess the cost of living and overall price stability in the country.
Methodology
The data is collected through a monthly survey of consumer prices by the Luxembourg statistical agency.
Historical Context
Trends in the CPI 04 index are closely monitored by the European Central Bank and Luxembourg's government to inform economic and monetary policy decisions.
Key Facts
- Housing, utilities, and fuel account for over 20% of the typical Luxembourg household's expenditures.
- The CPI 04 index has increased by an average of 2.3% annually over the past decade.
- Volatile energy prices are a major driver of fluctuations in the Luxembourg CPI 04 metric.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Housing, Water, Electricity, Gas and Other Fuels in Luxembourg tracks the prices of essential household expenses in this COICOP expenditure category.
Q: Why is this trend relevant for users or analysts?
A: The CPI 04 index is a key indicator of domestic inflationary pressures and consumer purchasing power in Luxembourg, making it highly relevant for policymakers, economists, and the general public.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of consumer prices by the Luxembourg statistical agency.
Q: How is this trend used in economic policy?
A: Trends in the CPI 04 index are closely monitored by the European Central Bank and Luxembourg's government to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The CPI 04 data for Luxembourg is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Luxembourg (LUXCP040000GPQ), retrieved from FRED.