Consumer Price Index: Harmonized Prices: Miscellaneous Goods and Services (COICOP 12): Total for Denmark
DNKCPHP1200IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117.00
Year-over-Year Change
3.54%
Date Range
1/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Miscellaneous Goods and Services (COICOP 12): Total for Denmark measures changes in the prices of a basket of consumer 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 index tracks inflation in the miscellaneous goods and services category, which includes items like personal care, financial services, and insurance. It is a key indicator used by policymakers and economists to assess the overall cost of living and inflationary pressures in the Danish economy.
Methodology
The data is collected through surveys of consumer expenditures and retail prices.
Historical Context
Trends in this index are closely monitored by the Danish central bank and government to inform monetary and fiscal policy decisions.
Key Facts
- Denmark's CPI for miscellaneous goods and services reached a record high in 2022.
- This index accounts for about 13% of the total Danish consumer price basket.
- Inflation in the miscellaneous goods and services category has outpaced overall Danish CPI in recent years.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of a basket of miscellaneous consumer goods and services in Denmark, including personal care, financial services, and insurance.
Q: Why is this trend relevant for users or analysts?
A: Trends in this index are closely watched by policymakers and economists as an indicator of inflationary pressures and the overall cost of living in Denmark.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and retail prices.
Q: How is this trend used in economic policy?
A: The Danish central bank and government monitor this index to inform monetary and fiscal policy decisions aimed at maintaining price stability.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with minimal lags, providing timely information on inflationary trends in Denmark.
Related Trends
Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Denmark
CPGREN01DKA657N
Amount Outstanding Due within One Year of International Debt Securities for All Issuers, Residence of Issuer in Denmark
IDS1YMAORIAIDK
Bank Non-Performing Loans to Gross Loans for Denmark
DDSI02DKA156NWDB
Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for Denmark
IRSTCI01DKM156N
Infra-Annual Labor Statistics: Employment Male: From 25 to 54 Years for Denmark
LFEM25MADKA647N
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Denmark
DNKCPHP1100GYM
Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Miscellaneous Goods and Services (COICOP 12): Total for Denmark (DNKCPHP1200IXEBM), retrieved from FRED.