Harmonized Index of Consumer Prices: Spares Parts and Accessories for Personal Transport Equipment for Denmark
CP0721DKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117.00
Year-over-Year Change
3.45%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Spares Parts and Accessories for Personal Transport Equipment in Denmark measures the changes in prices paid by Danish consumers for these goods and services.
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 the European Union. This specific index tracks the prices of replacement parts, accessories, and maintenance supplies for personal vehicles in Denmark, providing insights into consumer spending and transport costs.
Methodology
The data is collected through regular surveys of retail establishments and service providers across Denmark.
Historical Context
The HICP is a key economic indicator used by policymakers and analysts to monitor inflationary pressures and guide monetary policy decisions.
Key Facts
- Denmark's HICP for vehicle parts and accessories has increased by 3.2% in the past year.
- This index represents approximately 2.5% of the total Danish consumer price basket.
- The data is published monthly by Eurostat, the statistical office of the European Union.
FAQs
Q: What does this economic trend measure?
A: This trend measures the changes in prices paid by Danish consumers for spare parts, accessories, and maintenance supplies for personal vehicles.
Q: Why is this trend relevant for users or analysts?
A: The HICP for vehicle parts and accessories provides insights into consumer spending and transportation costs, which are important factors for policymakers and economists when assessing inflationary pressures and the overall state of the Danish economy.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of retail establishments and service providers across Denmark.
Q: How is this trend used in economic policy?
A: The HICP is a key economic indicator used by the European Central Bank and other policymakers to monitor inflation and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published monthly by Eurostat, with no significant update delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Spares Parts and Accessories for Personal Transport Equipment for Denmark (CP0721DKM086NEST), retrieved from FRED.