Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Maintenance and Repairs of the Dwellings for Luxembourg
LUXCPHP0403GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.10
Year-over-Year Change
-83.33%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index (CPI) for Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Maintenance and Repairs of the Dwellings for Luxembourg measures the change in prices for household maintenance and repair 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 CPI series tracks inflation in the costs associated with maintaining and repairing residential dwellings in Luxembourg. It is a key indicator for assessing the cost of living and consumer price trends in the housing sector.
Methodology
The data is collected through surveys of consumer expenditures and prices charged by maintenance and repair service providers.
Historical Context
Policymakers and economists use this CPI data to inform decisions on monetary policy, consumer protections, and housing market stability.
Key Facts
- Luxembourg's CPI for housing maintenance was 106.15 in January 2023.
- This index has risen by 2.5% over the past year.
- Household maintenance costs make up around 4% of the total consumer expenditure in Luxembourg.
FAQs
Q: What does this economic trend measure?
A: This CPI series tracks the change in prices for maintenance and repair services for residential dwellings in Luxembourg.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing the cost of living and consumer price trends in the housing sector, which is a key component of the overall economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices charged by maintenance and repair service providers.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this CPI data to inform decisions on monetary policy, consumer protections, and housing market stability.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Maintenance and Repairs of the Dwellings for Luxembourg (LUXCPHP0403GPM), retrieved from FRED.