Harmonized Index of Consumer Prices: Beer for Denmark
CP0213DKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.20
Year-over-Year Change
-2.28%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Beer in Denmark measures the change in prices paid by Danish consumers for beer over time. This metric is a key indicator of inflation and consumer spending patterns.
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 inflation across European Union countries. The Beer HICP specifically tracks the prices of beer purchased for consumption at home, a significant component of the typical Danish household budget.
Methodology
The data is collected through a survey of retailers and service providers across Denmark.
Historical Context
The Beer HICP is used by policymakers and analysts to assess domestic demand and monitor the health of the Danish economy.
Key Facts
- Beer accounts for 2.1% of the typical Danish household's expenditures.
- The HICP for Beer in Denmark has increased by 15.7% over the past 5 years.
- Denmark has one of the highest beer consumption rates per capita in the European Union.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Beer in Denmark measures the change in prices paid by Danish consumers for beer over time.
Q: Why is this trend relevant for users or analysts?
A: The Beer HICP is a key indicator of inflation and consumer spending patterns in Denmark, providing insights into domestic demand and the overall health of the Danish economy.
Q: How is this data collected or calculated?
A: The data is collected through a survey of retailers and service providers across Denmark.
Q: How is this trend used in economic policy?
A: The Beer HICP is used by policymakers and analysts to assess domestic demand and monitor the health of the Danish economy.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a typical 2-month delay.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Beer for Denmark (CP0213DKM086NEST), retrieved from FRED.