Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Luxembourg
LUXCPHP0400IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.67
Year-over-Year Change
0.88%
Date Range
1/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices for Housing, Water, Electricity, Gas and Other Fuels in Luxembourg measures changes in the cost of these essential household goods and services.
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, part of the Harmonized Index of Consumer Prices (HICP), tracks price fluctuations for a basket of housing-related items in Luxembourg. It is a key indicator used by policymakers to monitor domestic inflation.
Methodology
The data is collected through surveys of consumers and businesses by Luxembourg's national statistical agency.
Historical Context
This index informs the European Central Bank's monetary policy decisions.
Key Facts
- Housing and utilities are over 20% of Luxembourg's consumer basket.
- Electricity prices in Luxembourg are among the highest in Europe.
- This index is a component of the broader HICP measure of EU inflation.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices paid by consumers in Luxembourg for housing, water, electricity, gas, and other household fuels and utilities.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of domestic inflation pressures, especially for essential household costs, and informs monetary policy decisions by the European Central Bank.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumers and businesses by Luxembourg's national statistical agency.
Q: How is this trend used in economic policy?
A: This index is used by the European Central Bank to monitor inflation and make monetary policy decisions that impact markets across the Eurozone.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical 2-week lag, and may be subject to revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Luxembourg (LUXCPHP0400IXEBM), retrieved from FRED.