Harmonized Index of Consumer Prices: Gardens, Plants and Flowers for Luxembourg
CP0933LUM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
135.35
Year-over-Year Change
0.36%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Gardens, Plants and Flowers in Luxembourg measures changes in the prices paid by consumers for a basket of these goods and services. This indicator provides insight into a key component of overall household spending.
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 Gardens, Plants and Flowers index tracks price movements for these household and gardening items in Luxembourg specifically, offering valuable economic data for policymakers and analysts.
Methodology
The data is collected through surveys of consumer purchases and calculated as an indexed time series.
Historical Context
The HICP is used by the European Central Bank to monitor and manage inflation targets.
Key Facts
- The HICP is a harmonized measure across EU countries.
- Gardens, plants and flowers account for a small but important share of household budgets.
- This index has been tracked since the 1990s.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Gardens, Plants and Flowers in Luxembourg measures changes in the prices paid by consumers for these household and gardening items.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides valuable insight into a key component of overall household spending and consumer price inflation in Luxembourg.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer purchases and calculated as an indexed time series.
Q: How is this trend used in economic policy?
A: The HICP is used by the European Central Bank to monitor and manage inflation targets across the European Union.
Q: Are there update delays or limitations?
A: The HICP data is published on a monthly basis with minimal delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Gardens, Plants and Flowers for Luxembourg (CP0933LUM086NEST), retrieved from FRED.