Harmonized Index of Consumer Prices: Milk, Cheese and Eggs for Denmark
CP0114DKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
150.80
Year-over-Year Change
7.64%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Milk, Cheese and Eggs in Denmark measures changes in the prices paid by Danish consumers for these dairy products over time. This metric is a key indicator of inflationary pressures and household purchasing power.
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 standardized, internationally comparable measure of consumer price inflation across the European Union. The Milk, Cheese and Eggs sub-index tracks price movements for a basket of common dairy products, providing insights into a core component of the Danish consumer price index.
Methodology
The data is collected through surveys of retailers and other vendors by Denmark's national statistical agency.
Historical Context
Central banks and policymakers use HICP data to inform monetary policy decisions and economic forecasting.
Key Facts
- Denmark's HICP for Milk, Cheese and Eggs has a base year of 2015.
- Dairy products account for around 3% of the total Danish consumer price index basket.
- Prices for this category have risen by an average of 2.1% per year over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Milk, Cheese and Eggs measures changes in the prices paid by Danish consumers for a basket of common dairy products.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into inflationary pressures and household purchasing power for a core component of the Danish consumer price index.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers and other vendors by Denmark's national statistical agency.
Q: How is this trend used in economic policy?
A: Central banks and policymakers use HICP data to inform monetary policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a typical 2-4 week lag.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Milk, Cheese and Eggs for Denmark (CP0114DKM086NEST), retrieved from FRED.