Harmonized Index of Consumer Prices: Repair of Furniture, Furnishings and Floor Coverings for Denmark
CP0513DKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.20
Year-over-Year Change
1.06%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Repair of Furniture, Furnishings and Floor Coverings in Denmark measures price changes in this household expenditure category. It is a key economic indicator for policymakers and analysts tracking Danish consumer 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 is a standardized measure of consumer price inflation across European Union countries. The Repair of Furniture, Furnishings and Floor Coverings index specifically tracks price trends for maintenance and repair services related to household furnishings and decor.
Methodology
The data is collected through surveys of Danish consumers and businesses.
Historical Context
Trends in this HICP index are used by the European Central Bank and Danish policymakers to assess overall price stability and cost-of-living dynamics.
Key Facts
- The index has a base year of 2015 = 100.
- Prices are measured monthly and reported as year-over-year percent changes.
- Denmark is a member of the Eurozone and participates in the HICP program.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Repair of Furniture, Furnishings and Floor Coverings in Denmark tracks price changes for maintenance and repair services related to household furnishings and decor.
Q: Why is this trend relevant for users or analysts?
A: Trends in this HICP index are used by policymakers and economists to assess overall price stability and cost-of-living dynamics in Denmark and across the Eurozone.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Danish consumers and businesses.
Q: How is this trend used in economic policy?
A: The Repair of Furniture, Furnishings and Floor Coverings HICP is utilized by the European Central Bank and Danish policymakers to monitor inflationary pressures and guide monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is reported monthly with no significant publication delays, providing timely insight into Danish consumer price dynamics.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Repair of Furniture, Furnishings and Floor Coverings for Denmark (CP0513DKM086NEST), retrieved from FRED.