Harmonized Index of Consumer Prices: Coffee, Tea and Cocoa for Denmark
CP0121DKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
153.90
Year-over-Year Change
26.56%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for coffee, tea, and cocoa in Denmark measures changes in the prices paid by consumers for these products over time. This metric is a key indicator of inflationary pressures and consumer spending patterns 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
The HICP is a standardized measure of consumer price inflation across European Union countries. The coffee, tea, and cocoa sub-index tracks the prices of these specific commodities, providing insight into a crucial component of Danish household budgets and consumption habits.
Methodology
The data is collected through surveys of retailers and service providers and calculated using a weighted average of prices.
Historical Context
Policymakers and analysts monitor the HICP to gauge overall inflation trends and inform monetary and fiscal policy decisions.
Key Facts
- Denmark's HICP for coffee, tea, and cocoa has a base year of 2015.
- This index is part of the broader HICP measure for Denmark, which tracks over 300 consumer goods and services.
- Prices for coffee, tea, and cocoa make up approximately 1.5% of the total Danish consumer price index.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for coffee, tea, and cocoa in Denmark measures changes in the prices paid by consumers for these products over time.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into a crucial component of Danish household budgets and consumption habits, and is a key indicator of inflationary pressures in the Danish economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers and service providers and calculated using a weighted average of prices.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor the HICP to gauge overall inflation trends and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is typically released on a monthly basis with a short publication lag.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Coffee, Tea and Cocoa for Denmark (CP0121DKM086NEST), retrieved from FRED.