Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Water Supply and Miscellaneous Services Relating to the Dwelling: Total for Luxembourg
LUXCP040400GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.12
Year-over-Year Change
-112.92%
Date Range
4/1/1995 - 10/1/2023
Summary
The Consumer Price Index (CPI) for Housing, Water, Electricity, Gas and Other Fuels (COICOP 04) in Luxembourg measures the changes in prices for water supply and miscellaneous services related to the dwelling. This index is a key indicator of inflationary pressures in the housing 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 LUXCP040400GPQ series tracks price movements for water supply, refuse collection, sewerage collection, and other services associated with maintaining a household's dwelling in Luxembourg. It is an important component of the overall CPI, which is widely used by policymakers, economists, and the public to assess the cost of living and inflationary trends.
Methodology
The data is collected through a survey of households and businesses, and calculated using a weighted average of price changes.
Historical Context
This index helps inform monetary and fiscal policy decisions aimed at managing inflation and cost-of-living dynamics.
Key Facts
- The base year for this index is 2015.
- Water and household services account for about 4% of the total CPI basket in Luxembourg.
- Prices for this component have risen by an average of 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The LUXCP040400GPQ series measures changes in prices for water supply, refuse collection, sewerage collection, and other services related to maintaining a household's dwelling in Luxembourg.
Q: Why is this trend relevant for users or analysts?
A: This index is an important component of the overall Consumer Price Index, which is a key indicator of inflationary pressures and the cost of living. It helps policymakers and economists assess housing-related inflationary dynamics.
Q: How is this data collected or calculated?
A: The data is collected through a survey of households and businesses, and calculated using a weighted average of price changes.
Q: How is this trend used in economic policy?
A: This index helps inform monetary and fiscal policy decisions aimed at managing inflation and cost-of-living dynamics in Luxembourg.
Q: Are there update delays or limitations?
A: The LUXCP040400GPQ series is published monthly with a typical 1-2 month delay.
Related Trends
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Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Luxembourg
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Consumer Price Index: OECD Groups: Services Less Housing: Housing Excluding Imputed Rentals for Housing for Luxembourg
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Citation
U.S. Federal Reserve, Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Water Supply and Miscellaneous Services Relating to the Dwelling: Total for Luxembourg (LUXCP040400GPQ), retrieved from FRED.