Harmonized Index of Consumer Prices: Water Supply for Denmark
CP0441DKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.80
Year-over-Year Change
3.70%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Water Supply measures changes in the prices paid by Danish consumers for water services. This key economic indicator helps policymakers and analysts understand broader price trends 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 HICP for Water Supply tracks the monthly change in prices charged to Danish households for piped water, sewerage collection, and other water-related services. It is a critical component of the overall HICP, which is used to monitor the European Central Bank's inflation target.
Methodology
The HICP data is collected through a nationwide survey of water providers and households by Statistics Denmark.
Historical Context
Trends in the water supply HICP provide insights into consumer demand, utility costs, and the broader cost of living in Denmark.
Key Facts
- Denmark's water supply HICP has risen by an average of 2.5% annually over the past decade.
- Household water costs make up approximately 3% of the total Danish consumer price index.
- The HICP is harmonized across the European Union to enable cross-country comparisons.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Water Supply tracks monthly changes in the prices paid by Danish consumers for piped water, sewerage, and other water services.
Q: Why is this trend relevant for users or analysts?
A: Trends in the water supply HICP provide important insights into consumer demand, utility costs, and the broader cost of living in Denmark, which is useful for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The HICP data is collected through a nationwide survey of water providers and households by Statistics Denmark.
Q: How is this trend used in economic policy?
A: The water supply HICP is a critical component of the overall HICP, which is used by the European Central Bank to monitor inflation and set monetary policy.
Q: Are there update delays or limitations?
A: The HICP data for Denmark is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Water Supply for Denmark (CP0441DKM086NEST), retrieved from FRED.