Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Luxembourg
LUXCP050000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.36
Year-over-Year Change
-109.72%
Date Range
1/1/1996 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Furnishings, Household Equipment and Routine Household Maintenance in Luxembourg measures changes in the prices paid by consumers for these goods and services.
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
This CPI series provides insights into inflationary pressures and consumer spending habits within the household equipment and maintenance sector of the Luxembourg economy. It is a key indicator monitored by policymakers and economists to gauge overall price stability.
Methodology
The data is collected through a nationwide survey of consumer prices by the Luxembourg statistical agency.
Historical Context
The CPI for household furnishings and equipment is used to inform monetary and fiscal policy decisions.
Key Facts
- Luxembourg's household furnishings CPI has a base year of 2015.
- This index is published on a monthly basis.
- The household furnishings CPI accounts for around 5% of the total Luxembourg CPI basket.
FAQs
Q: What does this economic trend measure?
A: This CPI series measures the changes in prices paid by Luxembourg consumers for furnishings, household equipment, and routine household maintenance.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into inflationary pressures and consumer spending habits within the household equipment and maintenance sector, which is important for understanding overall price stability and consumer behavior.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices by the Luxembourg statistical agency.
Q: How is this trend used in economic policy?
A: The CPI for household furnishings and equipment is used to inform monetary and fiscal policy decisions by policymakers in Luxembourg.
Q: Are there update delays or limitations?
A: This CPI series is published on a monthly basis with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Luxembourg (LUXCP050000GYQ), retrieved from FRED.