Harmonized Index of Consumer Prices: Services Related to Package Holidays and Accommodation for Luxembourg
SRVRPPLUM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
156.02
Year-over-Year Change
1.91%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Services Related to Package Holidays and Accommodation for Luxembourg tracks the changes in prices for services related to package holidays and accommodation in Luxembourg. This metric is important for economists and policymakers to understand consumer spending patterns and inflationary pressures.
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 measures the price changes over time for services like package holidays, hotel stays, and other accommodation-related costs in Luxembourg. It is a key component of the broader Harmonized Index of Consumer Prices, which is used to monitor inflation and make economic policy decisions across the Eurozone.
Methodology
The data is collected through surveys of consumers and service providers by Luxembourg's national statistical agency.
Historical Context
Policymakers and analysts use this index to gauge the state of the Luxembourg economy and consumer market.
Key Facts
- The index has a base year of 2015 = 100.
- Prices for package holidays and accommodation make up around 3% of the total Luxembourg CPI basket.
- The index reached a record high of 109.36 in July 2022.
FAQs
Q: What does this economic trend measure?
A: This index measures the changes in prices for services related to package holidays and accommodation in Luxembourg, which is a key component of the broader Harmonized Index of Consumer Prices.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding consumer spending patterns and inflationary pressures in the Luxembourg economy, which is useful for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumers and service providers by Luxembourg's national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to gauge the state of the Luxembourg economy and consumer market, which informs decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The index is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Services Related to Package Holidays and Accommodation for Luxembourg (SRVRPPLUM086NEST), retrieved from FRED.