Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels for Denmark
DNKCPHP0400GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.10
Year-over-Year Change
-261.54%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Housing, Water, Electricity, Gas and Other Fuels in Denmark measures the changes in prices for these essential consumer goods and services. This metric is crucial for policymakers and economists to track inflation and cost-of-living trends.
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 COICOP 1999 Consumer Price Index for Housing, Water, Electricity, Gas and Other Fuels in Denmark is a subcomponent of the overall CPI. It tracks the price changes for a basket of housing-related goods and services, providing insight into a key driver of consumer costs and living standards.
Methodology
The data is collected through surveys of consumer expenditures and price observations.
Historical Context
This CPI component is widely used to assess inflationary pressures and inform monetary and fiscal policies.
Key Facts
- Denmark's CPI for Housing, Water, Electricity, Gas and Other Fuels has increased by 25% over the past decade.
- Housing costs make up approximately 25% of the average Danish household's expenditures.
- This CPI component is a key input for the Central Bank of Denmark's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Housing, Water, Electricity, Gas and Other Fuels in Denmark measures the changes in prices for these essential consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: This CPI component is crucial for policymakers and economists to track inflation and cost-of-living trends, as housing-related expenses make up a significant portion of consumer expenditures.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and price observations.
Q: How is this trend used in economic policy?
A: This CPI component is widely used to assess inflationary pressures and inform monetary and fiscal policies by the Central Bank of Denmark and other government institutions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis 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: Housing, Water, Electricity, Gas and Other Fuels for Denmark (DNKCPHP0400GYM), retrieved from FRED.