Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Luxembourg
LUXCP050000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.42
Year-over-Year Change
-7.96%
Date Range
2/1/1995 - 12/1/2023
Summary
The Consumer Price Index for Furnishings, Household Equipment and Routine Household Maintenance in Luxembourg measures changes in the prices of goods and services related to the upkeep and furnishing of a household. This metric is a key indicator of consumer spending and inflationary pressures in the household goods 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
This index is part of the broader Consumer Price Index (CPI) for Luxembourg, which tracks the prices of a basket of consumer goods and services. The Furnishings, Household Equipment and Routine Household Maintenance index specifically focuses on the costs associated with maintaining and equipping a household, providing insight into a crucial component of consumer expenditure.
Methodology
The data is collected through surveys of prices paid by consumers for a representative sample of household goods and services.
Historical Context
Economists and policymakers monitor this index to assess trends in household spending and inflationary dynamics.
Key Facts
- The base year for this index is 2015 = 100.
- Furnishings and household equipment account for approximately 5% of the total Luxembourg CPI basket.
- This index has been published monthly since January 1996.
FAQs
Q: What does this economic trend measure?
A: This trend measures changes in the prices of goods and services related to the furnishing, equipment, and routine maintenance of households in Luxembourg.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into a key component of consumer spending and inflationary pressures, helping economists and policymakers assess the state of the Luxembourg economy.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of prices paid by consumers for a representative sample of household goods and services.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this index to understand trends in household spending and inflationary dynamics, which can inform decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The index is published monthly, with a typical release lag of approximately one month.
Related Trends
Harmonized Index of Consumer Prices: Electricity, Gas, Solid Fuels and Heat Energy for Luxembourg
ELGAS0LUM086NEST
Production: Construction: Total for Luxembourg
LUXPRCNTO01GPSAM
Stock Market Capitalization to GDP for Luxembourg
DDDM01LUA156NWDB
Production: Construction: Total for Luxembourg
PRCNTO01LUA657S
Infra-Annual Labor Statistics: Employment: Economic Activity: Manufacturing: Total for Luxembourg
LFEAMNTTLUQ647N
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Luxembourg
CPALTT01LUM659N
Citation
U.S. Federal Reserve, Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Luxembourg (LUXCP050000GPM), retrieved from FRED.