Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Water Supply and Miscellaneous Services Relating to the Dwelling for Luxembourg
LUXCP040400GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.63
Year-over-Year Change
594.44%
Date Range
1/1/1996 - 1/1/2025
Summary
This economic trend measures the consumer price index for water supply and miscellaneous dwelling services in Luxembourg. It provides important insights into changes in the cost of living and inflation for households.
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 Consumer Price Index (CPI) for Water Supply and Miscellaneous Services Relating to the Dwelling in Luxembourg tracks the prices paid by consumers for essential utilities and home services. This data is a key component of broader inflation measures and helps economists and policymakers understand changes in the overall cost of living.
Methodology
The data is collected through regular surveys of consumer prices by the national statistical agency.
Historical Context
This CPI trend is used to guide monetary and fiscal policies aimed at maintaining price stability and managing the cost of living.
Key Facts
- The base year for this CPI series is 2015.
- Water supply accounts for the largest share of this index.
- Prices have risen by 8.3% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the consumer price index for water supply and miscellaneous services related to housing in Luxembourg.
Q: Why is this trend relevant for users or analysts?
A: This CPI data provides important insights into changes in the cost of living and inflation for households in Luxembourg, which is crucial information for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of consumer prices by the national statistical agency.
Q: How is this trend used in economic policy?
A: This CPI trend is used to guide monetary and fiscal policies aimed at maintaining price stability and managing the cost of living in Luxembourg.
Q: Are there update delays or limitations?
A: There may be some delay in the availability of the latest data due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Water Supply and Miscellaneous Services Relating to the Dwelling for Luxembourg (LUXCP040400GYQ), retrieved from FRED.