Consumer Price Index: Harmonized Prices: All Items: Total for Denmark
CPHPTT01DKA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.50
Year-over-Year Change
286.36%
Date Range
1/1/1996 - 1/1/2022
Summary
The Consumer Price Index: Harmonized Prices: All Items: Total for Denmark measures the overall change in consumer prices in Denmark, a key economic indicator for policymakers and analysts.
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
This series represents the harmonized index of consumer prices (HICP) for all items in Denmark, providing a standardized measure of inflation across European Union countries. The HICP is a widely used benchmark for evaluating price stability and guiding monetary policy decisions.
Methodology
The data is collected through surveys of consumer expenditures and prices by Denmark's national statistical agency.
Historical Context
Central banks and governments rely on the HICP to monitor and manage inflationary pressures in the Danish economy.
Key Facts
- Denmark's HICP has averaged 1.6% annual growth over the past decade.
- The HICP is a harmonized measure used across the European Union.
- Central banks target stable HICP inflation around 2% for price stability.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Harmonized Prices: All Items: Total for Denmark measures the overall change in consumer prices across a broad basket of goods and services in the Danish economy.
Q: Why is this trend relevant for users or analysts?
A: This HICP trend is a key indicator of inflation that policymakers, central banks, and analysts use to evaluate price stability and guide monetary policy decisions in Denmark.
Q: How is this data collected or calculated?
A: The data is collected through consumer expenditure surveys and price observations by Denmark's national statistical agency.
Q: How is this trend used in economic policy?
A: Central banks and governments rely on the HICP to monitor and manage inflationary pressures, with the goal of maintaining price stability in the Danish economy.
Q: Are there update delays or limitations?
A: The HICP data is typically published with a 1-2 month lag by Denmark's statistical agency.
Related Trends
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Harmonized Index of Consumer Prices: Alcoholic Beverages for Denmark
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Consumer Price Index: Housing for Denmark
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Infra-Annual Labor Statistics: Employment: Economic Activity: Construction: Total for Denmark
LFEACNTTDKA647S
Employment to Population Rate: All Ages: All Persons for Denmark
LREPTTTTDKA156S
National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Denmark
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: All Items: Total for Denmark (CPHPTT01DKA657N), retrieved from FRED.