Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for Denmark
DNKCPHP1200GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.10
Year-over-Year Change
-25.00%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Miscellaneous Goods and Services in Denmark measures changes in the prices of a broad basket of consumer items not classified elsewhere, such as personal care, financial services, and insurance. This metric is a key indicator of overall inflation trends in the Danish economy.
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 Miscellaneous Goods and Services is one of the main components of the Harmonized Index of Consumer Prices (HICP), which is used to track and compare inflation across European Union member states. Economists and policymakers closely monitor this index to gauge the cost of living and inform monetary and fiscal policies.
Methodology
The data is collected through surveys of consumer expenditures and retail prices by Statistics Denmark.
Historical Context
The CPI for Miscellaneous Goods and Services is used by the Danish central bank and government to set interest rates and adjust social benefits.
Key Facts
- The index is based on a basket of over 700 consumer items.
- Miscellaneous Goods and Services account for about 13% of the total Danish CPI.
- The index has risen by an average of 1.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Miscellaneous Goods and Services in Denmark measures changes in the prices of a broad basket of consumer items not classified elsewhere, such as personal care, financial services, and insurance.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of overall inflation trends in the Danish economy and is used by policymakers to inform monetary and fiscal policies.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and retail prices by Statistics Denmark.
Q: How is this trend used in economic policy?
A: The CPI for Miscellaneous Goods and Services is used by the Danish central bank and government to set interest rates and adjust social benefits.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for Denmark (DNKCPHP1200GYM), retrieved from FRED.