Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Luxembourg
LUXCPHPEN01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.90
Year-over-Year Change
-583.33%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Energy in Luxembourg measures the changes in prices for energy-related goods and services, providing insights into the country's energy inflation dynamics.
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 LUXCPHPEN01GYM series tracks the Consumer Price Index (CPI) for the Energy sector in Luxembourg, one of the key components of the broader Harmonized Index of Consumer Prices (HICP). This indicator is crucial for policymakers and analysts to understand inflationary pressures and monitor the state of the Luxembourg economy.
Methodology
The data is collected through surveys of consumer expenditures and prices by Luxembourg's national statistical agency.
Historical Context
The CPI for Energy is a valuable input for the European Central Bank's monetary policy decisions and economic assessments of the Eurozone.
Key Facts
- Energy accounts for around 10% of the CPI basket in Luxembourg.
- The CPI for Energy in Luxembourg has risen by 30% over the past 5 years.
- Gasoline and electricity are the largest components of the Energy CPI in Luxembourg.
FAQs
Q: What does this economic trend measure?
A: The LUXCPHPEN01GYM series measures the Consumer Price Index (CPI) for the Energy sector in Luxembourg, providing insights into changes in energy-related prices and inflation.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Energy is a crucial indicator for policymakers and economists to assess inflationary pressures and the overall state of the Luxembourg economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices by Luxembourg's national statistical agency.
Q: How is this trend used in economic policy?
A: The CPI for Energy is an important input for the European Central Bank's monetary policy decisions and economic assessments of the Eurozone.
Q: Are there update delays or limitations?
A: The CPI for Energy data is published monthly with a typical 2-week lag, and may be subject to revisions based on updated information.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Luxembourg (LUXCPHPEN01GYM), retrieved from FRED.