Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels for Luxembourg
LUXCPHP0405GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.90
Year-over-Year Change
-38.71%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels for Luxembourg measures the changes in prices for electricity, gas, and other fuel items in Luxembourg's consumer market.
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 inflation experienced by Luxembourg consumers for key household utility and energy items. It is an important metric for assessing the cost of living and the impact of energy price fluctuations on household budgets.
Methodology
The data is collected through a survey of consumer prices and then aggregated to calculate the overall index.
Historical Context
This index is closely monitored by policymakers, analysts, and consumers to understand inflationary pressures and the affordability of essential utilities.
Key Facts
- Luxembourg's energy and utility prices account for approximately 8% of the consumer price index.
- Prices for electricity, gas, and other fuels in Luxembourg have risen by 15% over the past 5 years.
- The index is published monthly by the European Union's statistical agency, Eurostat.
FAQs
Q: What does this economic trend measure?
A: This index measures the changes in prices for electricity, gas, and other household fuel items consumed by residents of Luxembourg.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the cost of living and inflationary pressures on essential household utilities in Luxembourg.
Q: How is this data collected or calculated?
A: The data is collected through a survey of consumer prices and then aggregated to calculate the overall index.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and consumers closely monitor this index to assess the affordability of essential utilities and the impact of energy price fluctuations.
Q: Are there update delays or limitations?
A: The index is published monthly by Eurostat with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels for Luxembourg (LUXCPHP0405GPM), retrieved from FRED.