Harmonized Index of Consumer Prices: Motor Cycles, Bicycles, and Animal Drawn Vehicles for Denmark
CP0712DKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.70
Year-over-Year Change
-2.31%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices for Motor Cycles, Bicycles, and Animal Drawn Vehicles in Denmark measures the changes in prices paid by Danish consumers for these transportation-related goods over time. This indicator is closely watched by economists and policymakers to assess inflationary pressures 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 Harmonized Index of Consumer Prices (HICP) is a comprehensive measure of consumer price inflation used across the European Union. This specific HICP series tracks the prices of motorcycles, bicycles, and animal-drawn vehicles, which are important components of Denmark's transportation sector and household expenditures.
Methodology
The data is collected through surveys of retailers and service providers across Denmark.
Historical Context
Trends in this HICP series are analyzed by the Danish central bank, government statisticians, and international organizations to understand consumer behavior and the state of the Danish economy.
Key Facts
- Denmark's HICP for motor cycles, bicycles, and animal drawn vehicles has a base year of 2015.
- This HICP series is published monthly by the European Union's statistical agency, Eurostat.
- Prices of transportation-related goods and services account for over 13% of the Danish consumer price index basket.
FAQs
Q: What does this economic trend measure?
A: This HICP series measures the changes in prices paid by Danish consumers for motorcycles, bicycles, and animal-drawn vehicles over time.
Q: Why is this trend relevant for users or analysts?
A: Trends in this HICP series are closely watched by economists and policymakers to assess inflationary pressures and consumer spending patterns in Denmark's transportation sector.
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: The Danish central bank, government statisticians, and international organizations analyze this HICP series to understand consumer behavior and the state of the Danish economy.
Q: Are there update delays or limitations?
A: This HICP series is published monthly by Eurostat with no significant update delays.
Related Trends
Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Denmark
DNKSARTAISMEI
Real Narrow Effective Exchange Rate for Denmark
RNDKBIS
Value of Exports to Denmark from Michigan
MIDNKA052SCEN
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for Denmark
DNKCP120000IXOBM
National Accounts: GDP by Expenditure: Current Prices: Changes in Inventories and Net Acquisition of Valuables for Denmark
DNKCINSQDSMEI
Liquid Liabilities (Broad Money) for Denmark
DDOI07DKA648NWDB
Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Motor Cycles, Bicycles, and Animal Drawn Vehicles for Denmark (CP0712DKM086NEST), retrieved from FRED.