Harmonized Index of Consumer Prices: Major Household Appliances Whether Electric or Not and Small Electric Household Appliances for Denmark
CP0531DKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.20
Year-over-Year Change
0.96%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Major Household Appliances and Small Electric Household Appliances in Denmark measures price changes in these consumer goods. It is a key indicator of inflation and consumer spending patterns.
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 Major Household Appliances and Small Electric Household Appliances index tracks prices for a basket of these durable goods, providing insight into Danish household spending and inflationary pressures.
Methodology
The data is collected through surveys of retailers and service providers across Denmark.
Historical Context
Central banks and policymakers use HICP data to guide monetary and fiscal policies.
Key Facts
- The HICP has been used as the primary inflation measure in the European Union since 1997.
- Major household appliances account for a significant portion of Danish consumer spending.
- Monitoring price changes in durable goods can provide early signals of broader economic trends.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Major Household Appliances and Small Electric Household Appliances in Denmark tracks the prices of these consumer goods over time.
Q: Why is this trend relevant for users or analysts?
A: This HICP index provides valuable insights into Danish household spending patterns and inflationary pressures, which are crucial for economic policymaking and financial analysis.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers and service providers across Denmark.
Q: How is this trend used in economic policy?
A: Central banks and policymakers use HICP data to guide monetary and fiscal policies aimed at maintaining price stability and supporting economic growth.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a typical 1-2 month lag, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Major Household Appliances Whether Electric or Not and Small Electric Household Appliances for Denmark (CP0531DKM086NEST), retrieved from FRED.