Consumer Price Index: Harmonized Prices: Energy: Total for Luxembourg
LUXCPHPEN01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.40
Year-over-Year Change
-33.33%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Energy: Total for Luxembourg measures the changes in prices of energy products for consumers in Luxembourg. This metric is a key indicator of inflation and energy market dynamics.
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 CPI for energy products in Luxembourg provides a comprehensive view of price changes in the country's energy sector, including components like motor fuels, heating fuels, and electricity. This data is used by policymakers, analysts, and economists to assess the state of the energy market and its impact on the broader economy.
Methodology
The data is collected through surveys of retailers and service providers and calculated according to Eurostat's harmonized methodology.
Historical Context
The CPI for Luxembourg's energy sector is relevant for understanding consumer purchasing power, energy affordability, and the broader inflationary environment.
Key Facts
- Luxembourg's energy CPI has risen by 20% over the past 5 years.
- Motor fuels account for the largest share of the energy CPI basket.
- Energy prices are a key driver of the overall inflation rate in Luxembourg.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Harmonized Prices: Energy: Total for Luxembourg measures the changes in prices of energy products for consumers in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of inflation and energy market dynamics, providing insights into consumer purchasing power, energy affordability, and the broader economic environment.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers and service providers and calculated according to Eurostat's harmonized methodology.
Q: How is this trend used in economic policy?
A: The CPI for Luxembourg's energy sector is relevant for policymakers, analysts, and economists to assess the state of the energy market and its impact on the broader economy.
Q: Are there update delays or limitations?
A: The data is published monthly by Eurostat with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Energy: Total for Luxembourg (LUXCPHPEN01GPM), retrieved from FRED.