Harmonized Index of Consumer Prices: Fuels and Lubricants for Personal Transport Equipment for Luxembourg
CP0722LUM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
133.06
Year-over-Year Change
-5.62%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Fuels and Lubricants for Personal Transport Equipment measures price changes for these household goods in Luxembourg. This index is a key economic indicator for inflation and consumer spending trends.
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 Fuels and Lubricants for Personal Transport Equipment component tracks the prices of automotive fuels, lubricants, and similar goods purchased by households in Luxembourg.
Methodology
The data is collected through surveys of retail prices paid by consumers.
Historical Context
Policymakers and analysts use this index to assess inflationary pressures and household expenditure patterns.
Key Facts
- The base year for the HICP is 2015.
- Fuels and lubricants account for around 3.5% of the total HICP basket in Luxembourg.
- Prices for this category have risen by 15% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This index measures the changes in consumer prices for fuels, lubricants, and similar goods used for personal transportation in Luxembourg.
Q: Why is this trend relevant for users or analysts?
A: The HICP for Fuels and Lubricants is an important indicator of inflation and household spending patterns, providing insights into the cost of living and consumer behavior.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail prices paid by consumers in Luxembourg.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess inflationary pressures and the impact on household budgets, which informs decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Fuels and Lubricants for Personal Transport Equipment for Luxembourg (CP0722LUM086NEST), retrieved from FRED.