Harmonized Index of Consumer Prices: Overall Index Excluding Energy, Food, Alcohol, and Tobacco for Denmark
00XEFDDKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118.20
Year-over-Year Change
1.63%
Date Range
12/1/1999 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) Excluding Energy, Food, Alcohol, and Tobacco for Denmark measures changes in the prices of a basket of consumer goods and services, excluding volatile components. This metric provides insight into underlying inflationary pressures in the Danish economy.
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 HICP Excluding Energy, Food, Alcohol, and Tobacco is a key economic indicator used by policymakers and analysts to assess domestic price levels in Denmark. It serves as an important gauge of core inflation, which excludes the impact of fluctuations in energy and food prices.
Methodology
The data is collected through surveys of consumer expenditures and calculated using a weighted average of price changes for a representative basket of goods and services.
Historical Context
This trend is closely monitored by the European Central Bank and Danish National Bank to inform monetary policy decisions.
Key Facts
- The base year for this index is 2015 = 100.
- Denmark's HICP Excluding Energy, Food, Alcohol, and Tobacco reached a high of 102.72 in November 2022.
- This metric has shown relatively stable core inflation in Denmark compared to headline HICP.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) Excluding Energy, Food, Alcohol, and Tobacco for Denmark measures changes in the prices of a basket of consumer goods and services, excluding volatile components like energy and food.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into underlying inflationary pressures in the Danish economy, excluding the impact of fluctuations in energy and food prices. It is a key indicator used by policymakers and analysts to assess domestic price levels.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and calculated using a weighted average of price changes for a representative basket of goods and services.
Q: How is this trend used in economic policy?
A: The HICP Excluding Energy, Food, Alcohol, and Tobacco for Denmark is closely monitored by the European Central Bank and Danish National Bank to inform monetary policy decisions.
Q: Are there update delays or limitations?
A: There may be lags in data availability, as the index is updated monthly by statistical agencies. Additionally, the index may not fully capture changes in consumer preferences or the introduction of new products.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Overall Index Excluding Energy, Food, Alcohol, and Tobacco for Denmark (00XEFDDKM086NEST), retrieved from FRED.