Consumer Price Index: OECD Groups: Housing: Housing Excluding Imputed Rentals for Housing for Luxembourg
LUXCPGRHO02GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.08
Year-over-Year Change
-56.50%
Date Range
2/1/1995 - 12/1/2023
Summary
The Consumer Price Index: OECD Groups: Housing: Housing Excluding Imputed Rentals for Housing for Luxembourg measures changes in the prices of housing-related goods and services excluding imputed rentals in Luxembourg.
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 economic indicator tracks inflation in the housing category of the consumer price index for Luxembourg, providing insights into cost-of-living trends and the state of the housing market.
Methodology
The data is collected through periodic surveys of consumer prices.
Historical Context
This metric is closely monitored by policymakers and economists to assess inflationary pressures and guide economic decision-making.
Key Facts
- The index is published monthly by the OECD.
- Housing costs make up a significant portion of the consumer price index.
- Tracking this metric helps policymakers assess the cost of living in Luxembourg.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks changes in the prices of housing-related goods and services, excluding imputed rentals, in Luxembourg.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into inflationary pressures and the state of the housing market, which are crucial for economic policymaking and investment decisions.
Q: How is this data collected or calculated?
A: The data is collected through periodic surveys of consumer prices in Luxembourg.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this indicator to assess cost-of-living trends and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published monthly by the OECD, and there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Housing: Housing Excluding Imputed Rentals for Housing for Luxembourg (LUXCPGRHO02GPM), retrieved from FRED.