Harmonized Index of Consumer Prices: Tools and Equipment for House and Garden for Luxembourg
CP0550LUM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.13
Year-over-Year Change
-0.90%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP): Tools and Equipment for House and Garden for Luxembourg measures the changes in the prices of household tools, equipment, and garden products over time. This metric provides insights into consumer spending patterns and inflation within the home improvement 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 HICP is a standardized measure of consumer price inflation across European Union countries. The Tools and Equipment for House and Garden component specifically tracks the costs of products used for home maintenance, gardening, and DIY projects in Luxembourg.
Methodology
Data is collected by national statistical agencies through surveys of retail prices.
Historical Context
This index is a key indicator used by the European Central Bank to assess inflationary pressures and guide monetary policy decisions.
Key Facts
- Luxembourg's Tools and Equipment HICP has risen 15% over the past decade.
- The home improvement sector accounts for over 3% of total consumer spending in Luxembourg.
- This index is published monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP): Tools and Equipment for House and Garden for Luxembourg measures changes in the prices of household tools, equipment, and garden products over time.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer spending patterns and inflationary pressures within the home improvement sector, which is a key part of the Luxembourg economy.
Q: How is this data collected or calculated?
A: Data is collected by national statistical agencies through surveys of retail prices.
Q: How is this trend used in economic policy?
A: The HICP is a key indicator used by the European Central Bank to assess inflationary pressures and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: This index is published monthly by Eurostat with no significant update delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Tools and Equipment for House and Garden for Luxembourg (CP0550LUM086NEST), retrieved from FRED.