Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Luxembourg
LUXCPHP0700GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.10
Year-over-Year Change
-306.67%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Transport in Luxembourg measures the changes in prices for a basket of transportation-related goods and services, providing insights into inflationary pressures in the local economy.
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 Transport CPI for Luxembourg is a subcomponent of the overall Consumer Price Index, one of the key economic indicators used to track and manage inflation. It reflects the price changes experienced by consumers for items like vehicle purchases, fuel, public transportation, and other transportation-related expenditures.
Methodology
The data is collected through surveys of consumer spending and prices by the Luxembourg Statistics Agency.
Historical Context
The Transport CPI is monitored by policymakers and analysts to assess the impact of transportation costs on overall consumer inflation and household budgets.
Key Facts
- Transport accounts for around 15% of the total Luxembourg CPI basket.
- Fuel prices are a major driver of changes in the Transport CPI.
- The Transport CPI has risen by an average of 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Transport CPI for Luxembourg measures the changes in prices for a basket of transportation-related goods and services, including vehicle purchases, fuel, public transportation, and other transportation-related expenditures.
Q: Why is this trend relevant for users or analysts?
A: The Transport CPI is an important indicator for understanding inflationary pressures in the Luxembourg economy, as transportation costs can have a significant impact on household budgets and overall consumer spending.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer spending and prices by the Luxembourg Statistics Agency.
Q: How is this trend used in economic policy?
A: The Transport CPI is monitored by policymakers and analysts to assess the impact of transportation costs on overall consumer inflation and to inform policy decisions related to transportation infrastructure, taxation, and support for households.
Q: Are there update delays or limitations?
A: The Transport CPI for Luxembourg is published monthly with a typical delay of 2-3 weeks, providing timely data for analysts and policymakers.
Related Trends
Harmonized Index of Consumer Prices: Major Durables for Indoor and Outdoor Recreation Including Musical Instruments for Luxembourg
CP0921LUM086NEST
Infra-Annual Labor Statistics: Employment Total: From 15 to 24 Years for Luxembourg
LFEM24TTLUQ647S
Producer Prices Index: Type of Goods: Intermediate Goods: Domestic for Luxembourg
LUXPITGIG02GPM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for Luxembourg
LUXCPHP1200IXOBM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Luxembourg
LUXCPIENGQINMEI
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Residuals for Luxembourg
LUXCPSDCTGYCTGYM
Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Luxembourg (LUXCPHP0700GYM), retrieved from FRED.