Harmonized Index of Consumer Prices: Food Including Alcohol and Tobacco for Denmark
FOOD00DKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
139.60
Year-over-Year Change
5.28%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP): Food Including Alcohol and Tobacco for Denmark measures changes in the prices of food, alcohol, and tobacco products purchased by Danish consumers.
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 HICP is a key economic indicator used to track and compare inflation across European Union member states. The Food Including Alcohol and Tobacco index provides insights into price fluctuations for a basket of essential household goods.
Methodology
The data is collected through surveys of retail establishments and compiled by Eurostat, the statistical office of the European Union.
Historical Context
Central banks and policymakers monitor HICP data to inform monetary and fiscal policies.
Key Facts
- The HICP is used by the European Central Bank to define and measure price stability.
- Food, alcohol, and tobacco account for about 15% of the total HICP basket in Denmark.
- The HICP is calculated using a common methodology across EU member states.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP): Food Including Alcohol and Tobacco for Denmark measures changes in the prices of food, alcohol, and tobacco products purchased by Danish consumers.
Q: Why is this trend relevant for users or analysts?
A: The HICP is a key economic indicator used to track and compare inflation across European Union member states. The Food Including Alcohol and Tobacco index provides insights into price fluctuations for a basket of essential household goods.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and compiled by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Central banks and policymakers monitor HICP data to inform monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a relatively short time lag, providing timely insights into consumer price trends.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Food Including Alcohol and Tobacco for Denmark (FOOD00DKM086NEST), retrieved from FRED.