Consumer Price Index: OECD Groups: Services Less Housing: Total for Denmark
DNKCPGRLH01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
2/1/1967 - 12/1/2023
Summary
The Consumer Price Index (CPI) for Services Less Housing in Denmark measures changes in the prices of a basket of consumer services excluding housing costs. This metric is a key indicator of inflation and consumer spending patterns 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 CPI for Services Less Housing in Denmark tracks the prices of a wide range of consumer services such as transportation, healthcare, recreation, and dining out, while excluding the volatile housing component. This index is closely monitored by policymakers, economists, and businesses to assess inflationary pressures and consumer demand.
Methodology
The data is collected through surveys of consumer prices and expenditures by Statistics Denmark, the national statistical agency.
Historical Context
The CPI for Services Less Housing is used to inform monetary policy decisions by the Danish central bank and to analyze consumer spending trends in the private sector.
Key Facts
- Denmark's CPI for Services Less Housing reached a record high in 2022.
- Services account for over half of total consumer spending in Denmark.
- The services CPI is a leading indicator of broader inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Services Less Housing in Denmark tracks changes in the prices of a basket of consumer services, excluding the volatile housing component.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of inflationary pressures and consumer spending patterns in the Danish economy, and is closely monitored by policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices and expenditures by Statistics Denmark, the national statistical agency.
Q: How is this trend used in economic policy?
A: The CPI for Services Less Housing is used to inform monetary policy decisions by the Danish central bank and to analyze consumer spending trends in the private sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months.
Related Trends
Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Denmark
CPGREN01DKA657N
Exchange Rate Adjusted Changes of Domestic Debt Securities for Issuers in Financial Corporations, Residence of Issuer in Denmark
DSAMRIFCERDK
Infra-Annual Labor Statistics: Employment Rate Total: 15 Years or over for Denmark
LREMTTTTDKA156N
Harmonized Index of Consumer Prices: Jewellery, Clocks and Watches for Denmark
CP1231DKM086NEST
Harmonized Index of Consumer Prices: Overall Index Excluding Seasonal Food for Denmark
00XSEADKM086NEST
Bank Credit to Bank Deposits for Denmark
DDSI04DKA156NWDB
Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Services Less Housing: Total for Denmark (DNKCPGRLH01GPM), retrieved from FRED.