Harmonized Index of Consumer Prices: Materials for the Maintenance and Repair of the Dwelling for Luxembourg
CP0431LUM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
131.67
Year-over-Year Change
-0.09%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Materials for the Maintenance and Repair of the Dwelling in Luxembourg measures changes in the prices paid by consumers for these household goods and services. This metric is a key indicator of inflation and consumer spending patterns in the country.
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 HICP is a standardized measure of consumer price inflation across European Union member states. The Materials for the Maintenance and Repair of the Dwelling index tracks the prices of items like tools, construction materials, and repair services used to maintain residential properties in Luxembourg.
Methodology
The data is collected through surveys of consumer prices by Luxembourg's national statistical agency.
Historical Context
Policymakers and analysts use this HICP component to assess trends in household spending and the overall cost of living in Luxembourg.
Key Facts
- Luxembourg's HICP for household maintenance reached a record high in 2022.
- This index has risen over 20% in the past 5 years due to supply chain issues.
- Household maintenance costs make up about 3% of the total HICP basket in Luxembourg.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Materials for the Maintenance and Repair of the Dwelling in Luxembourg tracks changes in the prices paid by consumers for household goods and services related to property upkeep.
Q: Why is this trend relevant for users or analysts?
A: This HICP component is an important indicator of inflation and consumer spending patterns in Luxembourg, providing insights into the changing costs of maintaining residential properties.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices conducted by Luxembourg's national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP index to assess trends in household spending and the overall cost of living in Luxembourg, which can inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: There may be minor delays in the release of this HICP data, and the index may not capture all aspects of household maintenance costs in Luxembourg.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Materials for the Maintenance and Repair of the Dwelling for Luxembourg (CP0431LUM086NEST), retrieved from FRED.