Consumer Price Index: Harmonized Prices: Education (COICOP 10): Total for Denmark
DNKCPHP1000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Education (COICOP 10): Total for Denmark tracks changes in the prices of educational goods and services in Denmark. It is a key measure of inflation and cost of living in the Danish education sector.
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 index is part of the Harmonized Index of Consumer Prices (HICP), a standardized measure of inflation used across the European Union. It provides insights into price dynamics and purchasing power within the Danish education system.
Methodology
The data is collected through a survey of households and businesses, with prices recorded for a representative basket of educational goods and services.
Historical Context
Policymakers use this index to gauge inflationary pressures and assess the affordability of education in Denmark.
Key Facts
- The index base year is 2015 = 100.
- Prices are measured monthly and published with a 1-month lag.
- Education accounts for about 2% of the total Danish consumer price index.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of educational goods and services in Denmark, including tuition fees, textbooks, and other education-related costs.
Q: Why is this trend relevant for users or analysts?
A: The education price index is important for understanding the cost of living and inflationary pressures within the Danish education system, which is crucial information for policymakers, consumers, and education providers.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of households and businesses, with prices recorded for a representative basket of educational goods and services.
Q: How is this trend used in economic policy?
A: Policymakers use this index to assess inflationary pressures and the affordability of education, which informs decisions on education funding, subsidies, and policies aimed at improving access to education.
Q: Are there update delays or limitations?
A: The data is published with a 1-month lag, and the index composition may not fully capture all changes in the education sector.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Education (COICOP 10): Total for Denmark (DNKCPHP1000GPM), retrieved from FRED.