Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Maintenance and Repair of the Dwelling for Luxembourg
LUXCPHP0403GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.90
Year-over-Year Change
-80.43%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Maintenance and Repair of the Dwelling in Luxembourg measures changes in the prices paid by consumers for maintaining and repairing their homes. This metric is a key indicator of inflation and cost of living trends in the housing sector.
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 Maintenance and Repair of the Dwelling in Luxembourg is a subcomponent of the broader Consumer Price Index (CPI), which tracks price changes for a basket of consumer goods and services. This specific index focuses on the costs associated with maintaining and repairing residential properties, providing insights into housing-related inflation.
Methodology
The data is collected through surveys of prices charged by service providers and retailers for maintenance and repair services.
Historical Context
Policymakers and economists use this index to assess inflationary pressures in the housing market and inform decisions on monetary and fiscal policies.
Key Facts
- The CPI for Maintenance and Repair of the Dwelling in Luxembourg has a base year of 2015.
- This index is a subcomponent of the overall Consumer Price Index for Luxembourg.
- Maintenance and repair costs account for approximately 3% of the total CPI basket in Luxembourg.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Maintenance and Repair of the Dwelling in Luxembourg measures changes in the prices paid by consumers for maintaining and repairing their homes.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of inflation and cost of living trends in the housing sector, providing insights that are relevant for policymakers, economists, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices charged by service providers and retailers for maintenance and repair services.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess inflationary pressures in the housing market and inform decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published regularly by the Luxembourg statistical agency, with typical update delays of 1-2 months.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Maintenance and Repair of the Dwelling for Luxembourg (LUXCPHP0403GYM), retrieved from FRED.