Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Denmark
DNKCP120000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117.80
Year-over-Year Change
3.70%
Date Range
1/1/2000 - 12/1/2023
Summary
The Consumer Price Index (CPI) for Miscellaneous Goods and Services measures changes in the prices of a broad basket of items not captured in other CPI categories, providing a comprehensive view of Danish consumer inflation.
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 Miscellaneous Goods and Services CPI is a subcategory of the overall Danish Consumer Price Index, which tracks the average change in prices paid by consumers for a representative basket of goods and services. This indicator is a key measure of general price trends and a key input for monetary and fiscal policy decisions.
Methodology
The data is collected through regular surveys of consumer prices by Statistics Denmark.
Historical Context
Policymakers and analysts use this index to monitor inflationary pressures and inform economic decisions.
Key Facts
- The base year for this index is 2015 = 100.
- Miscellaneous Goods and Services account for about 5% of the total Danish CPI basket.
- This index has shown steady increases since the early 2000s.
FAQs
Q: What does this economic trend measure?
A: The Miscellaneous Goods and Services CPI measures changes in the prices of a wide range of consumer items not captured in other CPI categories, such as personal care products, insurance, and financial services.
Q: Why is this trend relevant for users or analysts?
A: This index provides a comprehensive view of inflationary pressures in the Danish economy, which is crucial for policymakers and analysts to monitor and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through regular price surveys conducted by Statistics Denmark.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use this index, along with other CPI measures, to assess the overall state of inflation and make monetary policy decisions to maintain price stability.
Q: Are there update delays or limitations?
A: The Miscellaneous Goods and Services CPI is published monthly by Statistics Denmark with a typical delay of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Denmark (DNKCP120000IXNBM), retrieved from FRED.