Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Fuels and Lubricants for Personal Transport Equipment for Luxembourg
LUXCPHP0702GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-7.00
Year-over-Year Change
-975.00%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Fuels and Lubricants for Personal Transport Equipment in Luxembourg measures price changes in this key component of household transportation costs.
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 CPI sub-index tracks the prices paid by consumers in Luxembourg for fuels and lubricants used in personal vehicles. It is a crucial indicator for understanding household budgets and transportation-related inflation.
Methodology
The data is collected through regular surveys of prices at retail outlets by the Luxembourg statistical agency.
Historical Context
This CPI trend informs economic policymakers and analysts about the cost pressures facing consumers and the overall state of Luxembourg's transportation sector.
Key Facts
- Luxembourg's CPI for Fuels and Lubricants reached a record high in 2022.
- Transportation costs make up over 15% of the average Luxembourg household budget.
- Volatile global energy prices significantly impact this CPI sub-index.
FAQs
Q: What does this economic trend measure?
A: This CPI sub-index measures the prices paid by consumers in Luxembourg for fuels and lubricants used in personal vehicles and transportation.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into a key component of household budgets and the overall state of transportation-related inflation in Luxembourg.
Q: How is this data collected or calculated?
A: The data is collected through regular price surveys of retail outlets by the Luxembourg statistical agency.
Q: How is this trend used in economic policy?
A: This CPI sub-index informs policymakers and analysts about cost pressures facing consumers and the transportation sector in Luxembourg.
Q: Are there update delays or limitations?
A: There may be some time lag in the data reporting, and the index may not fully capture all regional or demographic variations in fuel and lubricant prices.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Fuels and Lubricants for Personal Transport Equipment for Luxembourg (LUXCPHP0702GYM), retrieved from FRED.