Harmonized Index of Consumer Prices: Oils and Fats for Denmark
CP0115DKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
179.20
Year-over-Year Change
5.91%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Oils and Fats in Denmark is a key economic indicator that tracks changes in the prices of edible oils and fats over time. It provides valuable insights into inflationary pressures and consumer purchasing power.
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 for Oils and Fats is a subcomponent of the broader HICP, which is the standard measure of consumer price inflation in the European Union. This specific index focuses on the prices of a basket of common cooking oils, butter, and other fat-based products purchased by Danish households.
Methodology
The data is collected through a nationwide survey of retail prices.
Historical Context
Policymakers and analysts use this index to assess the impact of commodity price fluctuations on Danish consumers and the overall state of the economy.
Key Facts
- Denmark is a major importer of edible oils and fats.
- Oils and fats account for approximately 2% of the Danish consumer price index.
- The HICP for Oils and Fats is published monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Oils and Fats measures the changes in retail prices of a basket of common cooking oils, butter, and other fat-based products purchased by Danish households.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into inflationary pressures and consumer purchasing power in Denmark, particularly in the context of commodity price fluctuations.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of retail prices conducted by Statistics Denmark.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the impact of commodity price changes on Danish consumers and the overall state of the economy, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The HICP for Oils and Fats is published monthly by Eurostat, with a typical data release lag of approximately 2 months.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Oils and Fats for Denmark (CP0115DKM086NEST), retrieved from FRED.