Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services Less Housing for Denmark
DNKCPGRLH01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.17
Year-over-Year Change
-12.32%
Date Range
1/1/1967 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Services Less Housing in Denmark measures changes in the prices of non-housing services purchased by consumers. This metric is a key indicator of inflationary trends and consumer purchasing power.
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 Services Less Housing CPI tracks price changes for a basket of consumer services excluding housing costs like rent and utilities. It provides insight into broader service sector inflation, which is an important factor in overall economic performance and the cost of living.
Methodology
The index is calculated by the Statistics Denmark agency based on a survey of consumer prices.
Historical Context
Policymakers and economists monitor this CPI to assess domestic inflationary pressures and guide monetary and fiscal policies.
Key Facts
- The base year for the index is 2015.
- Services Less Housing accounts for about 50% of the overall Danish CPI basket.
- Denmark has maintained low, stable inflation in recent decades.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Services Less Housing in Denmark tracks changes in the prices of non-housing consumer services, excluding shelter costs like rent and utilities.
Q: Why is this trend relevant for users or analysts?
A: This CPI metric provides important insights into broader service sector inflation, which is a key component of overall economic performance and the cost of living for Danish consumers.
Q: How is this data collected or calculated?
A: The index is calculated by Statistics Denmark based on a comprehensive survey of consumer prices.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor the Services Less Housing CPI to assess domestic inflationary pressures and guide appropriate monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published monthly with minimal publication delays, providing timely insights into service sector inflation.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services Less Housing for Denmark (DNKCPGRLH01GYM), retrieved from FRED.