Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Denmark
DNKCP020000CTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.05
Year-over-Year Change
-156.38%
Date Range
1/1/2010 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Denmark measures changes in the prices paid by consumers for these goods and services. This metric is important for economists and policymakers to understand household consumption patterns and cost-of-living dynamics.
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 CPI for Alcoholic Beverages, Tobacco and Narcotics in Denmark is a subcomponent of the overall CPI, which tracks the weighted-average change in prices for a basket of consumer goods and services. This index is used to monitor inflation, guide monetary policy, and assess the real purchasing power of Danish households.
Methodology
The Danish CPI is calculated based on a representative sample of retail prices collected from across the country.
Historical Context
Trends in this CPI subindex can provide insights into consumer behavior and the broader economic environment.
Key Facts
- Denmark's CPI for Alcoholic Beverages, Tobacco and Narcotics has a base year of 2015.
- This CPI subindex accounts for approximately 4% of the overall Danish consumer price basket.
- Prices in this category have risen by an average of 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Denmark measures changes in the prices paid by consumers for these goods and services.
Q: Why is this trend relevant for users or analysts?
A: Trends in this CPI subindex can provide insights into consumer behavior and the broader economic environment, making it relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The Danish CPI is calculated based on a representative sample of retail prices collected from across the country.
Q: How is this trend used in economic policy?
A: The CPI for Alcoholic Beverages, Tobacco and Narcotics is used to monitor inflation, guide monetary policy, and assess the real purchasing power of Danish households.
Q: Are there update delays or limitations?
A: The Danish CPI data is published monthly with a typical lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Denmark (DNKCP020000CTGYM), retrieved from FRED.