Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Luxembourg
LUXCP070000IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.83
Year-over-Year Change
4.70%
Date Range
1/1/1995 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Transport in Luxembourg measures the price changes of consumer goods and services related to transportation. This key economic indicator helps track inflation and cost-of-living 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 CPI for Transport in Luxembourg is part of the broader Harmonized Index of Consumer Prices (HICP), a standardized measure of inflation used across the European Union. It covers a basket of transportation-related goods and services, providing insights into consumer spending patterns and price dynamics.
Methodology
The Luxembourg statistical agency collects price data from a representative sample of retailers and service providers to calculate this index.
Historical Context
Policymakers and analysts use this CPI component to assess inflationary pressures and the impact on household budgets.
Key Facts
- The base year for this index is 2015 = 100.
- Transportation accounts for over 15% of the total HICP basket in Luxembourg.
- This CPI component has risen by 10% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Transport in Luxembourg measures the prices of consumer goods and services related to transportation, including fuel, vehicle purchases, and public transit fares.
Q: Why is this trend relevant for users or analysts?
A: This CPI component provides insights into inflationary pressures on household budgets, as transportation is a major spending category for consumers. It helps economists and policymakers assess the overall cost-of-living in Luxembourg.
Q: How is this data collected or calculated?
A: The Luxembourg statistical agency collects price data from a representative sample of retailers and service providers to calculate this index.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this CPI component to monitor inflationary trends and the impact on household finances, which informs decisions around monetary policy, consumer protection, and economic stimulus measures.
Q: Are there update delays or limitations?
A: This CPI data is published monthly with a typical 2-week delay. The index may not capture all regional price variations or niche transportation services.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Luxembourg (LUXCP070000IXOBQ), retrieved from FRED.