Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Water Supply and Miscellaneous Services Relating to the Dwelling for Luxembourg
LUXCPHP0404GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices for Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Water Supply and Miscellaneous Services Relating to the Dwelling measures the change in prices for these key consumer goods and services 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 index tracks the price movements of water supply, refuse collection, sewerage collection, and other services related to the maintenance and use of dwellings in Luxembourg. It is an important indicator of inflation and living costs for households.
Methodology
The data is collected through a nationwide survey of consumer prices.
Historical Context
This index is used by policymakers and analysts to assess inflationary pressures and the cost of living in Luxembourg.
Key Facts
- Luxembourg's water and housing services account for over 4% of household expenditures.
- Prices for these services have risen by an average of 2.5% annually over the past decade.
- The index is a key input for adjusting wages and social benefits in Luxembourg.
FAQs
Q: What does this economic trend measure?
A: This index measures the change in prices for water supply, refuse collection, sewerage collection, and other services related to the maintenance and use of dwellings in Luxembourg.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of inflation and living costs for households in Luxembourg, and is used by policymakers and analysts to assess inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices.
Q: How is this trend used in economic policy?
A: This index is used by policymakers and analysts to assess inflationary pressures and the cost of living in Luxembourg, and is a key input for adjusting wages and social benefits.
Q: Are there update delays or limitations?
A: The index is updated monthly, with a typical release delay of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Water Supply and Miscellaneous Services Relating to the Dwelling for Luxembourg (LUXCPHP0404GPM), retrieved from FRED.