Consumer Price Index: Harmonized Prices: Transport (COICOP 07): Total for Luxembourg
LUXCPHP0700IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128.27
Year-over-Year Change
-6.02%
Date Range
1/1/1996 - 11/1/2023
Summary
The Consumer Price Index (CPI) for Harmonized Prices: Transport (COICOP 07) in Luxembourg measures changes in the prices of transportation-related goods and services. This index is a key indicator of inflationary pressures and consumer purchasing power.
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 Harmonized Prices: Transport in Luxembourg is part of the broader Harmonized Index of Consumer Prices (HICP) used to assess price stability across the Eurozone. Transportation costs are a significant component of household budgets, so this metric provides valuable insights into consumer spending and economic conditions.
Methodology
The data is collected through surveys of consumer prices and calculated using a fixed-basket approach.
Historical Context
Policymakers and economists monitor this index to inform decisions on monetary policy and assess the cost-of-living pressures faced by Luxembourgish consumers.
Key Facts
- The base year for the index is 2015.
- Transportation accounts for approximately 15% of the typical Luxembourgish household's expenditures.
- The index has risen by 8.3% over the past 12 months as of the latest data.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Harmonized Prices: Transport (COICOP 07) in Luxembourg measures changes in the prices of transportation-related goods and services, such as fuel, public transportation, and vehicle purchases.
Q: Why is this trend relevant for users or analysts?
A: Transportation costs are a significant component of household budgets, so this index provides valuable insights into inflationary pressures and consumer purchasing power in Luxembourg.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices and calculated using a fixed-basket approach.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this index to inform decisions on monetary policy and assess the cost-of-living pressures faced by Luxembourgish consumers.
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: Transport (COICOP 07): Total for Luxembourg (LUXCPHP0700IXEBM), retrieved from FRED.