Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Luxembourg
LUXCPHP0400GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.50
Year-over-Year Change
-37.50%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices for Housing, Water, Electricity, Gas and Other Fuels in Luxembourg measures changes in the cost of living for these essential household expenses.
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 index tracks price fluctuations in a key component of the overall consumer price index, providing insights into inflationary pressures and consumer purchasing power within the housing and utilities sector.
Methodology
The data is collected through a nationwide survey of consumer prices conducted by Luxembourg's national statistical office.
Historical Context
This trend is closely monitored by policymakers, economists, and financial analysts to assess broader economic conditions and guide fiscal and monetary policy decisions.
Key Facts
- Luxembourg's housing and utilities prices account for over 20% of the overall consumer price index.
- Prices in this sector have risen by an average of 2.5% annually over the past decade.
- Energy costs make up the largest component, comprising nearly 60% of the COICOP 04 index.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Harmonized Prices for Housing, Water, Electricity, Gas and Other Fuels in Luxembourg tracks changes in the cost of essential household expenses.
Q: Why is this trend relevant for users or analysts?
A: This index provides crucial insights into inflationary pressures and consumer purchasing power within a key component of the overall cost of living.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices conducted by Luxembourg's national statistical office.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and financial analysts to assess broader economic conditions and guide fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Luxembourg (LUXCPHP0400GPM), retrieved from FRED.