Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Luxembourg
CPGREN01LUA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-5.73
Year-over-Year Change
-144.46%
Date Range
1/1/1968 - 1/1/2023
Summary
The Consumer Price Index (CPI) for OECD Energy groups in Luxembourg measures the changes in prices for fuel, electricity, and gasoline. This key indicator helps economists and policymakers track the cost of living 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 CPI for OECD Energy groups in Luxembourg is a component of the broader CPI, which is a widely-used measure of inflation. This specific energy-focused index provides insight into how energy-related costs are impacting consumers in the country.
Methodology
The data is collected through surveys of consumer purchases and calculated by the OECD.
Historical Context
This energy CPI trend is closely monitored by the Luxembourg government, central bank, and market analysts to assess economic conditions and inform policy decisions.
Key Facts
- Luxembourg's energy CPI rose 12.4% in 2022.
- Gasoline prices account for over 50% of the energy CPI basket.
- The energy CPI is a key input for the European Central Bank's monetary policy.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for OECD Energy groups in Luxembourg tracks the changes in prices for fuel, electricity, and gasoline in the country.
Q: Why is this trend relevant for users or analysts?
A: This energy-focused CPI provides important insights into inflationary pressures and the cost of living for consumers in Luxembourg.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and calculated by the OECD.
Q: How is this trend used in economic policy?
A: The Luxembourg government, central bank, and market analysts closely monitor this energy CPI trend to assess economic conditions and inform policy decisions.
Q: Are there update delays or limitations?
A: The energy CPI data is published monthly with a short lag, providing timely information on energy price trends.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Luxembourg (CPGREN01LUA657N), retrieved from FRED.