Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Fuels and Lubricants for Personal Transport Equipment for Luxembourg
LUXCPHP0702IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
136.81
Year-over-Year Change
-7.03%
Date Range
1/1/1996 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Fuels and Lubricants for Personal Transport Equipment in Luxembourg measures the price changes of gasoline, diesel, and other fuels used for private vehicles. This indicator provides insights into consumer spending patterns and inflationary pressures in the transportation sector.
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 COICOP (Classification of Individual Consumption by Purpose) CPI for Fuels and Lubricants in Luxembourg tracks the costs associated with operating private motor vehicles. This metric is a key component of overall consumer price inflation and can inform economic policymakers and analysts about consumer behavior and transportation-related costs.
Methodology
The data is collected through monthly surveys of retailers and service stations by the statistical agency of Luxembourg.
Historical Context
Trends in this CPI category are closely watched by central banks, transportation economists, and consumers as an indicator of transportation costs and their impact on household budgets.
Key Facts
- Fuel and lubricants account for around 4% of the CPI basket in Luxembourg.
- Prices in this category rose by 7.2% year-over-year as of the latest data.
- Diesel fuel makes up the largest share of this CPI component in Luxembourg.
FAQs
Q: What does this economic trend measure?
A: The CPI for Fuels and Lubricants for Personal Transport Equipment in Luxembourg measures the changes in prices paid by consumers for gasoline, diesel, and other fuels used to operate private motor vehicles.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into transportation-related costs and can help analysts and policymakers understand the impact of fuel prices on household budgets and overall consumer price inflation.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retailers and service stations by the statistical agency of Luxembourg.
Q: How is this trend used in economic policy?
A: Trends in this CPI category are closely watched by central banks, transportation economists, and consumers as an indicator of transportation costs and their impact on household budgets.
Q: Are there update delays or limitations?
A: The CPI data for Luxembourg is published monthly with a typical lag of 1-2 months.
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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 (LUXCPHP0702IXOBM), retrieved from FRED.