Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Denmark
DNKCPHP1000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.70
Year-over-Year Change
-36.21%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Education in Denmark measures the change in prices for educational goods and services over time. This key economic indicator provides insight into inflation and purchasing power within the 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
The CPI for Education in Denmark is a subcomponent of the broader Consumer Price Index (CPI) and Harmonized Index of Consumer Prices (HICP) measures. It tracks the prices of educational items, including tuition fees, textbooks, and other school-related expenses, to assess changes in the cost of education for Danish consumers.
Methodology
The data is collected through surveys of educational institutions and households to track price changes for a representative basket of educational goods and services.
Historical Context
Education cost trends are monitored by policymakers, consumers, and analysts to understand inflationary pressures and assess the affordability of education in Denmark.
Key Facts
- The base year for the Danish CPI Education index is 2015.
- Education costs make up around 2% of the total Danish CPI basket.
- Prices for education in Denmark have risen by an average of 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The CPI for Education in Denmark tracks the change in prices for educational goods and services, including tuition fees, textbooks, and other school-related expenses.
Q: Why is this trend relevant for users or analysts?
A: Monitoring education cost trends provides insight into inflationary pressures and the affordability of education, which is important for policymakers, consumers, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of educational institutions and households to track price changes for a representative basket of educational goods and services.
Q: How is this trend used in economic policy?
A: Education cost trends are used by policymakers, central banks, and analysts to assess inflationary pressures and the accessibility of education, which informs policy decisions.
Q: Are there update delays or limitations?
A: The CPI for Education in Denmark is published monthly with a typical delay of 1-2 months. The index may not capture all changes in educational costs, as it represents a limited basket of goods and services.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Denmark (DNKCPHP1000GYM), retrieved from FRED.