Harmonized Index of Consumer Prices: Insurance for Denmark
CP1250DKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122.50
Year-over-Year Change
4.61%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Insurance for Denmark measures changes in the prices of insurance services for consumers in Denmark. This metric is a key indicator of inflationary pressures and consumer spending in the Danish economy.
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 standardized measure of inflation used across the European Union. The Insurance component tracks the cost of various insurance products, including life, auto, and home insurance, which are essential household expenditures.
Methodology
The data is collected through surveys of insurance providers and consumers by Denmark's national statistics agency.
Historical Context
Policymakers and analysts use this HICP component to assess changes in the cost of living and the state of the Danish insurance market.
Key Facts
- Denmark's HICP Insurance index has a base year of 2015.
- Insurance accounts for around 3% of the total HICP basket in Denmark.
- Prices for insurance services have risen by 8.2% in Denmark over the past year.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Insurance for Denmark measures changes in the prices of insurance services for consumers in the country.
Q: Why is this trend relevant for users or analysts?
A: This HICP component is an important indicator of inflationary pressures and consumer spending in the Danish economy, particularly in the insurance market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of insurance providers and consumers by Denmark's national statistics agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP component to assess changes in the cost of living and the state of the Danish insurance market.
Q: Are there update delays or limitations?
A: The HICP data is typically published on a monthly basis with a short delay.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Insurance for Denmark (CP1250DKM086NEST), retrieved from FRED.