Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Luxembourg
LUXCP040000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.13
Year-over-Year Change
1.19%
Date Range
1/1/1995 - 12/1/2023
Summary
The Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04) for Luxembourg measures changes in the prices of essential household expenses. This key economic indicator provides insights into inflationary pressures and consumer purchasing power.
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 COICOP 04 index tracks the prices of basic necessities like housing, utilities, and fuel in Luxembourg. It is a crucial component of the overall consumer price index and helps policymakers and analysts understand broader cost-of-living trends.
Methodology
The data is collected through surveys of consumer expenditures and price quotes.
Historical Context
This index is widely used to inform monetary policy, economic forecasting, and household budgeting decisions.
Key Facts
- The COICOP 04 index accounts for over 25% of the total consumer price index in Luxembourg.
- Housing and utilities make up the largest component of the COICOP 04 index at around 80%.
- The index has shown relatively stable growth in recent years, ranging from 1-3% annually.
FAQs
Q: What does this economic trend measure?
A: The COICOP 04 index measures changes in the prices of housing, water, electricity, gas, and other household fuels in Luxembourg.
Q: Why is this trend relevant for users or analysts?
A: This index provides crucial insights into inflationary pressures on essential household expenses, which informs policy decisions and consumer budgeting.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and price quotes.
Q: How is this trend used in economic policy?
A: The COICOP 04 index is widely used to inform monetary policy, economic forecasting, and household budgeting decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Luxembourg (LUXCP040000IXNBM), retrieved from FRED.