Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services Less Housing for Denmark
DNKCPGRLH01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.19
Year-over-Year Change
-18.65%
Date Range
1/1/1968 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Services Less Housing in Denmark measures the change in prices for a basket of consumer services, excluding housing costs. This metric is a key indicator of domestic inflationary pressures.
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 price changes over time for a selection of consumer services, such as transportation, healthcare, and entertainment. Economists and policymakers use this index to assess underlying inflationary trends in the Danish economy, separate from volatile housing costs.
Methodology
The data is collected through surveys of prices paid by Danish consumers for a representative basket of goods and services.
Historical Context
Central banks and financial analysts closely monitor the Services Less Housing CPI to inform monetary policy and investment decisions.
Key Facts
- The CPI for Services Less Housing in Denmark has a base year of 1999.
- This index excludes volatile housing costs from the overall consumer price measure.
- Tracking services inflation can provide insights into domestic demand pressures.
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 consumer services, excluding housing costs.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing underlying inflationary pressures in the Danish economy, separate from fluctuations in housing prices.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices paid by Danish consumers for a representative basket of goods and services.
Q: How is this trend used in economic policy?
A: Central banks and financial analysts closely monitor the Services Less Housing CPI to inform monetary policy and investment decisions.
Q: Are there update delays or limitations?
A: The data is subject to the typical publication schedule and potential revisions of the U.S. Federal Reserve's FRED database.
Related Trends
Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 24 Years for Denmark
LREM24TTDKQ156S
Bank Concentration for Denmark
DDOI01DKA156NWDB
Infra-Annual Labor Statistics: Employment Rate Female: From 15 to 64 Years for Denmark
LREM64FEDKA156N
Consumer Price Index: All Items: Total for Denmark
CPALTT01DKA657N
Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Denmark
DNKFCSODCGGDPPT
Harmonized Index of Consumer Prices: Tobacco for Denmark
CP0220DKM086NEST
Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services Less Housing for Denmark (DNKCPGRLH01GYQ), retrieved from FRED.