Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Denmark
DNKCPHP0400IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118.90
Year-over-Year Change
-8.82%
Date Range
1/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Denmark measures the change in prices for a basket of household energy and utility goods and services in Denmark.
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
This economic indicator tracks the inflation experienced by Danish consumers for essential housing-related costs like rent, utilities, and fuel. It is a key component of the overall consumer price index and provides insights into a major driver of household budgets.
Methodology
The data is collected through surveys of consumer prices by Denmark's national statistical agency.
Historical Context
Policymakers and economists closely monitor this index to assess inflationary pressures and inform decisions on monetary and fiscal policies.
Key Facts
- Denmark's housing and utility costs account for over 20% of consumer spending.
- This index has risen by an average of 2.5% annually over the past decade.
- Volatile energy prices are a major driver of changes in the COICOP 04 index.
FAQs
Q: What does this economic trend measure?
A: This index measures the change in prices for a basket of household energy and utility goods and services in Denmark, including rent, electricity, gas, and other fuels.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into a major component of consumer inflation in Denmark, which is crucial for policymakers, economists, and households to monitor.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys conducted by Denmark's national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely track this index to assess inflationary pressures and inform decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: This index is published monthly with a relatively short lag, providing timely data for analysis.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Denmark (DNKCPHP0400IXEBM), retrieved from FRED.