Consumer Price Index: Housing for Denmark
Quarterly
DNKCPIHOUQINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.61
Year-over-Year Change
4.70%
Date Range
1/1/1981 - 1/1/2018
Summary
The Quarterly Household Consumption Expenditure (DNKCPIHOUQINMEI) measures total consumer spending on goods and services in Denmark on a quarterly basis. This metric is a key indicator of economic health and consumer demand.
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 Quarterly Household Consumption Expenditure is a national-level statistic that aggregates private consumption across all Danish households. It is a widely-tracked indicator used by economists, policymakers, and analysts to gauge the strength of domestic demand and consumer confidence.
Methodology
The data is collected through household surveys and retail sales reports by Statistics Denmark.
Historical Context
Trends in household consumption are closely monitored for insights into monetary and fiscal policy decisions.
Key Facts
- Denmark's household consumption accounts for over 50% of GDP.
- Consumption grew 3.2% in Q4 2022 compared to the previous quarter.
- The COVID-19 pandemic caused a sharp 7.6% drop in Q2 2020.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Household Consumption Expenditure measures the total value of goods and services purchased by Danish households on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: Household consumption is a key driver of economic growth, making this metric crucial for assessing the health of the Danish economy and consumer demand.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and retail sales reports by Statistics Denmark.
Q: How is this trend used in economic policy?
A: Trends in household consumption expenditure provide important insights for the Danish central bank and government in formulating monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released quarterly with a typical 2-month lag, and may be subject to revisions as more complete information becomes available.
Related Trends
Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 74 Years for Denmark
LRUN74TTDKQ156N
Monetary Aggregates and Their Components: Narrow Money and Components: M1 and Components: M1 for Denmark
MANMM101DKA657S
Monetary Aggregates and Their Components: Narrow Money and Components: M1 and Components: M1 for Denmark
MANMM101DKM189S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Denmark
CPGRLE01DKM659N
Business Tendency Surveys (Manufacturing): Confidence Indicators: Composite Indicators: National Indicator for Denmark
BSCICP02DKM460S
Sales: Retail Trade: Total Retail Trade: Volume for Denmark
DNKSLRTTO01GYSAM
Citation
U.S. Federal Reserve, Quarterly Household Consumption Expenditure (DNKCPIHOUQINMEI), retrieved from FRED.