Consumer Price Index: OECD Groups: Housing: Total for Denmark
DNKCPGRHO01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.28
Year-over-Year Change
10615.43%
Date Range
4/1/1981 - 10/1/2023
Summary
The Consumer Price Index: OECD Groups: Housing: Total for Denmark tracks changes in the cost of housing for consumers in Denmark, providing important insights into the country's inflation 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
This index measures the prices of a basket of housing-related goods and services, including rent, utilities, and household maintenance costs. It is a key indicator used by economists and policymakers to understand inflationary pressures and the cost of living in Denmark.
Methodology
The data is collected through surveys of consumer prices by Denmark's national statistical agency.
Historical Context
The housing component of the CPI is closely watched by the Danish Central Bank and other institutions when setting monetary and fiscal policies.
Key Facts
- Denmark's housing CPI rose 3.2% in 2022.
- Housing accounts for around 24% of the total Danish CPI basket.
- The housing index is published monthly by Statistics Denmark.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: OECD Groups: Housing: Total for Denmark measures changes in the prices of housing-related goods and services for consumers in the country.
Q: Why is this trend relevant for users or analysts?
A: The housing component of the CPI is a key indicator of inflationary pressures and the cost of living in Denmark, making it highly relevant for economists, policymakers, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices by Denmark's national statistical agency, Statistics Denmark.
Q: How is this trend used in economic policy?
A: The Danish Central Bank and other institutions closely monitor the housing CPI when setting monetary and fiscal policies to manage inflation and cost-of-living dynamics.
Q: Are there update delays or limitations?
A: The housing CPI for Denmark is published monthly without significant delays, providing timely data for analysis.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Housing: Total for Denmark (DNKCPGRHO01GPQ), retrieved from FRED.