Producer Prices Index: Economic Activities: Energy: Total for Luxembourg
LUXPIEAEN01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51.13
Year-over-Year Change
335.61%
Date Range
1/1/2001 - 12/1/2022
Summary
The Producer Prices Index for Energy in Luxembourg measures the changes in prices received by domestic producers for energy-related goods and services. This index is a key indicator of inflationary pressures and can inform economic policy and business decisions.
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 Producer Prices Index for Energy in Luxembourg tracks the wholesale prices of energy products like electricity, natural gas, and petroleum at the producer level. It is used by economists and policymakers to assess domestic production costs, inflationary trends, and the overall state of the Luxembourgish energy sector.
Methodology
The data is collected through surveys of domestic producers and calculated as a weighted index.
Historical Context
Trends in this index are closely monitored by the Banque centrale du Luxembourg and the European Central Bank for insights into price stability and the broader economy.
Key Facts
- The base year for the Luxembourg Producer Prices Index for Energy is 2015.
- Energy accounts for approximately 10% of the total Producer Prices Index in Luxembourg.
- Prices in the Luxembourg energy sector have risen by 20% since 2015.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index for Energy in Luxembourg measures the changes in wholesale prices received by domestic producers for energy-related goods and services.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures and production costs in the Luxembourgish energy sector, providing insights that inform economic policy and business decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of domestic producers and calculated as a weighted index.
Q: How is this trend used in economic policy?
A: Trends in this index are closely monitored by the Banque centrale du Luxembourg and the European Central Bank for insights into price stability and the broader economy.
Q: Are there update delays or limitations?
A: The Producer Prices Index for Energy in Luxembourg is published monthly with a typical 1-month lag.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic Activities: Energy: Total for Luxembourg (LUXPIEAEN01GYM), retrieved from FRED.