Harmonized Index of Consumer Prices: Major Durables for Indoor and Outdoor Recreation Including Musical Instruments for Luxembourg
CP0921LUM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
139.03
Year-over-Year Change
0.72%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Major Durables for Indoor and Outdoor Recreation Including Musical Instruments measures price changes for durable recreation goods in Luxembourg. This metric is a key indicator of consumer spending and inflationary pressures.
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 comprehensive measure of consumer price inflation in the European Union, providing a reliable basis for international comparisons. The Major Durables for Indoor and Outdoor Recreation including Musical Instruments index tracks price trends for durable goods used for recreation, entertainment, and cultural activities.
Methodology
The data is collected through a survey of consumer prices and calculated using a standardized methodology across EU member states.
Historical Context
Policymakers and economists closely monitor HICP data to assess the state of the economy and make informed decisions.
Key Facts
- The HICP is harmonized across EU countries to ensure comparability.
- Durable recreation goods account for a significant portion of consumer spending.
- Monitoring price trends in this sector helps policymakers assess economic conditions.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Major Durables for Indoor and Outdoor Recreation Including Musical Instruments measures price changes for durable recreation goods in Luxembourg.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of consumer spending and inflationary pressures, providing valuable insights for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through a survey of consumer prices and calculated using a standardized methodology across EU member states.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor HICP data to assess the state of the economy and make informed decisions.
Q: Are there update delays or limitations?
A: The HICP data is updated regularly, but there may be some delays or limitations in data collection and reporting across EU member states.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Major Durables for Indoor and Outdoor Recreation Including Musical Instruments for Luxembourg (CP0921LUM086NEST), retrieved from FRED.