Consumer Price Index: Harmonized Prices: Miscellaneous Goods and Services (COICOP 12): Total for Denmark
DNKCPHP1200GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.20
Year-over-Year Change
0.00%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Miscellaneous Goods and Services (COICOP 12): Total for Denmark measures price changes for a variety of consumer goods and services in Denmark. It is a key economic indicator used to track inflation and inform policymaking.
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 series represents the harmonized consumer price index (HICP) for miscellaneous goods and services in Denmark, a category that includes items like personal care, social protection, insurance, and financial services. The HICP is a standardized measure of inflation across European Union countries.
Methodology
The data is collected through surveys of consumer spending and prices by Statistics Denmark.
Historical Context
Policymakers and analysts use this index to understand broader inflationary pressures and consumer behavior in the Danish economy.
Key Facts
- Denmark's HICP for miscellaneous goods and services has a 2015 base year.
- This index accounts for over 12% of the total Danish consumer price basket.
- Prices in this category have risen at a slower rate than overall inflation in Denmark.
FAQs
Q: What does this economic trend measure?
A: This index measures price changes for a wide range of consumer goods and services in Denmark, including personal care items, insurance, and financial services.
Q: Why is this trend relevant for users or analysts?
A: This harmonized index is a key indicator of inflationary pressures and consumer behavior in the Danish economy, which is useful for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through consumer spending and price surveys conducted by Statistics Denmark.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use this index to monitor inflation and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The index is published monthly with a lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Miscellaneous Goods and Services (COICOP 12): Total for Denmark (DNKCPHP1200GPM), retrieved from FRED.