Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Luxembourg
LUXCP050000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.91
Year-over-Year Change
2.47%
Date Range
1/1/1995 - 12/1/2023
Summary
The Consumer Price Index (CPI) for Furnishings, Household Equipment and Routine Household Maintenance in Luxembourg measures changes in the prices of household goods and services. This metric is a key indicator of consumer inflation and living costs for Luxembourgish households.
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 for Furnishings, Household Equipment and Routine Household Maintenance tracks the prices of a basket of household goods and services, including furniture, appliances, cleaning products, and home repairs. It is a subcomponent of the overall Luxembourg CPI, a widely-used measure of consumer inflation.
Methodology
The data is collected through surveys of consumer prices by the Luxembourg statistical agency.
Historical Context
Policymakers and economists use this CPI subindex to assess inflationary pressures and living standards in Luxembourg.
Key Facts
- The base year for the Luxembourg CPI is 2015.
- Furnishings and household equipment account for around 5% of the Luxembourg CPI basket.
- Routine household maintenance represents about 1% of the CPI basket.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Furnishings, Household Equipment and Routine Household Maintenance measures changes in the prices of a basket of household goods and services in Luxembourg.
Q: Why is this trend relevant for users or analysts?
A: This CPI subindex is an important indicator of consumer inflation and living costs for households in Luxembourg, providing insights into inflationary pressures and consumer spending patterns.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys conducted by the Luxembourg statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this CPI subindex to assess inflationary pressures and living standards in Luxembourg, informing monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The CPI data is typically released with a 1-2 month lag and may be subject to revisions.
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Citation
U.S. Federal Reserve, Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Luxembourg (LUXCP050000IXNBM), retrieved from FRED.