Consumer Price Index: Services Less Housing for Denmark
DNKCPISXHAINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.87
Year-over-Year Change
31.25%
Date Range
1/1/1967 - 1/1/2017
Summary
The Consumer Price Index: Services Less Housing for Denmark tracks changes in the prices of services excluding housing costs for Danish consumers. It serves as a key indicator of inflationary pressures 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
This index measures the price changes of a basket of services like transportation, healthcare, and recreation, excluding housing-related costs. It provides insight into underlying inflation trends beyond the volatile housing market and is used by policymakers and analysts to assess the overall cost of living in Denmark.
Methodology
The data is collected through surveys of consumer purchases and calculated by Statistics Denmark.
Historical Context
The index is closely monitored by the Danish central bank and government to guide monetary and fiscal policy decisions.
Key Facts
- The base year for the index is 2015.
- Denmark's services CPI rose 3.2% in 2022 compared to the prior year.
- The index excludes housing costs which can distort overall inflation measures.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Services Less Housing for Denmark tracks changes in the prices of services excluding housing costs for Danish consumers.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into underlying inflation trends in Denmark beyond the volatile housing market, which is crucial for policymakers and analysts assessing the overall cost of living.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer purchases and calculated by Statistics Denmark.
Q: How is this trend used in economic policy?
A: The index is closely monitored by the Danish central bank and government to guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with no significant update delays.
Related Trends
Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Denmark
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International Trade: Imports: Value (Goods): Total for Denmark
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Consumer Price Index: All Items: Total for Denmark
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Internet users for Denmark
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Production: Manufacturing: Investment Goods: Total for Denmark
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Infra-Annual Labor Statistics: Working-Age Population Male: From 25 to 54 Years for Denmark
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Citation
U.S. Federal Reserve, Consumer Price Index: Services Less Housing for Denmark (DNKCPISXHAINMEI), retrieved from FRED.