Harmonized Index of Consumer Prices: Overall Index Excluding Seasonal Food for Denmark
00XSEADKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.60
Year-over-Year Change
1.77%
Date Range
12/1/1999 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) Excluding Seasonal Food for Denmark measures changes in the prices of consumer goods and services, excluding seasonal food items, in Denmark.
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 Seasonal Food is a key economic indicator used to track inflation and assess the effectiveness of monetary policy. It excludes volatile food prices to provide a more stable measure of underlying price trends.
Methodology
The data is collected through surveys of retail prices and compiled by Eurostat, the statistical office of the European Union.
Historical Context
This index is closely monitored by the European Central Bank and Danish policymakers.
Key Facts
- The base year for the HICP Excluding Seasonal Food is 2015 = 100.
- Denmark joined the Eurozone in 1999 and uses the Euro as its currency.
- Inflation targeting is a key part of the European Central Bank's monetary policy framework.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) Excluding Seasonal Food for Denmark measures changes in the prices of consumer goods and services, excluding volatile food items, in Denmark.
Q: Why is this trend relevant for users or analysts?
A: This index is a crucial indicator of underlying inflation pressures in the Danish economy and is closely monitored by policymakers and analysts to assess the effectiveness of monetary policy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail prices and compiled by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: The HICP Excluding Seasonal Food is a key input for the European Central Bank's monetary policy decisions, as it provides a reliable measure of inflation trends in Denmark and the broader Eurozone.
Q: Are there update delays or limitations?
A: The HICP data is typically released on a monthly basis with a short lag, making it a timely indicator of price movements in the Danish economy.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Overall Index Excluding Seasonal Food for Denmark (00XSEADKM086NEST), retrieved from FRED.