Harmonized Index of Consumer Prices: Operation of Personal Transport Equipment for Denmark
CP0720DKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129.20
Year-over-Year Change
-0.84%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP): Operation of Personal Transport Equipment for Denmark measures the change in prices of goods and services related to operating personal vehicles in Denmark. This metric is crucial for assessing consumer price inflation and supporting economic policymaking.
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: Operation of Personal Transport Equipment for Denmark tracks the prices of items such as fuel, maintenance, and other costs associated with running private cars and other personal transportation. This index is a key component of the overall HICP, which is the primary inflation measure used by the European Union.
Methodology
The data is collected through surveys of consumers and businesses, then aggregated and adjusted to produce the monthly index.
Historical Context
Policymakers and analysts use this metric to gauge inflationary pressures and the cost of living in Denmark, informing decisions around monetary policy and household finances.
Key Facts
- The base year for the HICP: Operation of Personal Transport Equipment for Denmark is 2015.
- This index accounts for approximately 4.7% of the total HICP basket in Denmark.
- Prices for this index have risen by an average of 2.3% per year over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP): Operation of Personal Transport Equipment for Denmark measures the change in prices of goods and services related to operating personal vehicles in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for assessing consumer price inflation and supporting economic policymaking, as it provides insights into a key component of household expenses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumers and businesses, then aggregated and adjusted to produce the monthly index.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge inflationary pressures and the cost of living in Denmark, informing decisions around monetary policy and household finances.
Q: Are there update delays or limitations?
A: The HICP: Operation of Personal Transport Equipment for Denmark is published monthly with a relatively short delay, making it a timely indicator of price trends.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Operation of Personal Transport Equipment for Denmark (CP0720DKM086NEST), retrieved from FRED.