Harmonized Index of Consumer Prices: Tobacco for Denmark
CP0220DKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
160.00
Year-over-Year Change
2.50%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Tobacco for Denmark measures the price changes of tobacco products in Denmark. This metric is important for economists and policymakers to track the cost of living and inflation.
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 Harmonized Index of Consumer Prices (HICP) is a standardized measure of inflation across European Union countries. The Tobacco component specifically tracks price fluctuations in tobacco products, providing insights into consumer spending and overall price pressures.
Methodology
The data is collected through surveys of retailers and service providers across Denmark.
Historical Context
Trends in the HICP Tobacco index are used by the European Central Bank and Danish economic agencies to inform monetary and fiscal policy decisions.
Key Facts
- Denmark's HICP Tobacco index has increased by 25% over the past 5 years.
- Tobacco products account for over 2% of the total HICP basket in Denmark.
- The Tobacco component makes up a larger share of the HICP in Denmark compared to the Eurozone average.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Tobacco for Denmark tracks the price changes of tobacco products in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer spending on tobacco and helps assess overall price pressures and the cost of living in Denmark.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers and service providers across Denmark.
Q: How is this trend used in economic policy?
A: Trends in the HICP Tobacco index are used by the European Central Bank and Danish economic agencies to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a lag of approximately 2 months.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Tobacco for Denmark (CP0220DKM086NEST), retrieved from FRED.