Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Actual Rentals for Housing for Luxembourg
LUXCPHP0401GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.10
Year-over-Year Change
0.00%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Actual Rentals for Housing for Luxembourg measures the change in rental prices for housing in Luxembourg over time. This metric is crucial for understanding inflationary pressures and cost-of-living trends within the country.
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 tracks the prices paid by consumers for actual rentals of housing, including utilities like water, electricity, and gas, in Luxembourg. It is a key component of the broader harmonized consumer price index (HICP) for the country and helps economists and policymakers assess housing affordability and the overall cost of living.
Methodology
The data is collected through surveys of rental prices paid by households across Luxembourg.
Historical Context
Trends in this index are closely monitored by the European Central Bank and other institutions to gauge inflationary dynamics and guide economic policy decisions.
Key Facts
- The index has a base year of 2015 = 100.
- Housing and utilities account for over 20% of the Luxembourg CPI basket.
- Rental prices have risen steadily in Luxembourg over the past decade.
FAQs
Q: What does this economic trend measure?
A: This index measures the change in rental prices for housing, including utilities, paid by consumers in Luxembourg.
Q: Why is this trend relevant for users or analysts?
A: Trends in this index are crucial for understanding inflationary pressures and the cost of living in Luxembourg, which is important for economic policymaking and household budgeting.
Q: How is this data collected or calculated?
A: The data is collected through surveys of rental prices paid by households across Luxembourg.
Q: How is this trend used in economic policy?
A: The European Central Bank and other institutions closely monitor this index to gauge inflationary dynamics and guide economic policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Actual Rentals for Housing for Luxembourg (LUXCPHP0401GPM), retrieved from FRED.