Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Luxembourg
LUXCPHP0500GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.60
Year-over-Year Change
-142.86%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Furnishings, Household Equipment and Routine Household Maintenance tracks changes in the prices paid by consumers in Luxembourg for these household-related 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 is a component of the broader Harmonized Index of Consumer Prices (HICP) for Luxembourg, which is used to measure inflation and assess the effectiveness of monetary policy across the Eurozone.
Methodology
The data is collected through regular surveys of consumer prices by Luxembourg's national statistical agency.
Historical Context
Policymakers and analysts monitor this CPI component to understand changes in household spending patterns and the broader cost of living in Luxembourg.
Key Facts
- Luxembourg's CPI for Furnishings, Household Equipment and Routine Household Maintenance has a base year of 2015.
- This CPI component accounts for approximately 6% of the total HICP basket in Luxembourg.
- Prices are collected from a sample of retail outlets across the country.
FAQs
Q: What does this economic trend measure?
A: This CPI series tracks changes in the prices paid by consumers in Luxembourg for a basket of furnishings, household equipment, and routine household maintenance goods and services.
Q: Why is this trend relevant for users or analysts?
A: This CPI component provides insight into a key aspect of household spending and the overall cost of living in Luxembourg, which is useful for policymakers and analysts assessing economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through regular price surveys conducted by Luxembourg's national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor this CPI component, along with the broader HICP, to evaluate inflation pressures and the effectiveness of monetary policy in Luxembourg and the Eurozone.
Q: Are there update delays or limitations?
A: The CPI data for Luxembourg is typically published on a monthly basis with a short lag, making it a timely indicator of price trends.
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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 (LUXCPHP0500GYM), retrieved from FRED.