Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Luxembourg
LUXCPIENGAINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
136.47
Year-over-Year Change
14.93%
Date Range
1/1/1967 - 1/1/2024
Summary
The Consumer Price Index (CPI) for Energy in Luxembourg measures the change in prices for a basket of energy-related goods and services consumed by households. This metric is a key indicator of inflationary pressures in the energy 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 Energy CPI for Luxembourg tracks the cost of electricity, natural gas, heating oil, and other fuels used for heating and transportation. It is a vital statistic for policymakers, businesses, and consumers to monitor the state of the local energy market and its impact on the broader economy.
Methodology
The data is collected through surveys of retail establishments and service providers by Luxembourg's national statistical agency.
Historical Context
The Energy CPI is closely watched by the European Central Bank and used to inform monetary policy decisions.
Key Facts
- The Energy CPI accounts for about 10% of the overall Luxembourg CPI basket.
- Prices for energy products have risen over 15% in Luxembourg since 2020.
- Natural gas and heating oil are the largest components of the Energy CPI in Luxembourg.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Energy in Luxembourg tracks the change in prices for a basket of energy-related goods and services consumed by households.
Q: Why is this trend relevant for users or analysts?
A: The Energy CPI is a crucial indicator of inflationary pressures in the local energy market, which can have significant impacts on consumer spending, business costs, and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and service providers by Luxembourg's national statistical agency.
Q: How is this trend used in economic policy?
A: The Energy CPI is closely monitored by the European Central Bank and used to inform monetary policy decisions that can affect interest rates, inflation, and economic growth.
Q: Are there update delays or limitations?
A: The Energy CPI for Luxembourg is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Luxembourg (LUXCPIENGAINMEI), retrieved from FRED.