Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Luxembourg
LUXCP070000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.54
Year-over-Year Change
-0.63%
Date Range
1/1/1995 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Transport in Luxembourg tracks changes in the prices of goods and services related to transportation, providing insights into consumer inflation trends.
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 Transport CPI for Luxembourg is a component of the broader Consumer Price Index, which measures the average change in prices paid by consumers for a basket of goods and services. This specific index focuses on the transportation-related portion of consumer expenditures, offering valuable data for policymakers and analysts assessing the cost of living and inflationary pressures.
Methodology
The data is collected through a survey of consumer prices and calculated using a base-weighted Laspeyres formula.
Historical Context
The Transport CPI is a key input for economic policy decisions and can influence consumer behavior and market trends.
Key Facts
- The base year for the Luxembourg Transport CPI is 2015.
- Transportation accounts for approximately 15% of the total consumer expenditure basket in Luxembourg.
- The Transport CPI is published monthly by the National Institute of Statistics and Economic Studies of Luxembourg.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Transport in Luxembourg measures the average change in prices paid by consumers for goods and services related to transportation, such as fuel, public transportation, and vehicle maintenance.
Q: Why is this trend relevant for users or analysts?
A: The Transport CPI provides valuable insights into the inflationary pressures faced by consumers in Luxembourg, particularly in the transportation sector, which is a significant component of household budgets. This information is relevant for policymakers, businesses, and consumers in understanding the overall cost of living and making informed decisions.
Q: How is this data collected or calculated?
A: The data for the Luxembourg Transport CPI is collected through a monthly survey of consumer prices, and the index is calculated using a base-weighted Laspeyres formula.
Q: How is this trend used in economic policy?
A: The Transport CPI is a key indicator used by policymakers, central banks, and economic analysts to assess inflationary pressures and inform decisions related to monetary policy, consumer spending, and market trends.
Q: Are there update delays or limitations?
A: The Luxembourg Transport CPI is published monthly, with a typical delay of around one month after the reference period. There may be some limitations in terms of the specific goods and services included in the basket, which can evolve over time to reflect changes in consumer behavior and preferences.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Luxembourg (LUXCP070000IXOBM), retrieved from FRED.