Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Luxembourg
LUXCP050000IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.30
Year-over-Year Change
10.00%
Date Range
1/1/1995 - 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 a basket of these goods and services over time.
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 inflation trends related to the costs of maintaining and furnishing a household in Luxembourg. It is a key economic indicator used by policymakers, researchers, and businesses to understand consumer spending patterns and the cost of living.
Methodology
The data is collected through surveys of consumer prices and spending habits by Luxembourg's statistical agency.
Historical Context
This CPI trend is monitored closely by the European Central Bank and national fiscal authorities to inform monetary and fiscal policies.
Key Facts
- Luxembourg's CPI for furnishings, household equipment and maintenance has increased by 25% since 2015.
- Household furnishings account for over 5% of the total consumer expenditure in Luxembourg.
- This CPI series is published monthly by the Luxembourg Institute of Statistics.
FAQs
Q: What does this economic trend measure?
A: This CPI series measures changes in the prices paid by consumers in Luxembourg for a basket of goods and services related to furnishings, household equipment, and routine household maintenance.
Q: Why is this trend relevant for users or analysts?
A: This CPI trend provides important insights into inflation and consumer spending patterns related to maintaining and furnishing a household in Luxembourg, which is relevant for policymakers, businesses, and researchers analyzing the cost of living and consumer behavior.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices and spending habits by Luxembourg's statistical agency.
Q: How is this trend used in economic policy?
A: This CPI trend is closely monitored by the European Central Bank and national fiscal authorities in Luxembourg to inform monetary and fiscal policies aimed at managing inflation and supporting consumer spending.
Q: Are there update delays or limitations?
A: This CPI series is published monthly by the Luxembourg Institute of Statistics 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 (LUXCP050000IXOBQ), retrieved from FRED.