Harmonized Index of Consumer Prices: Other Articles of Clothing and Clothing Accessories for Denmark
CP0313DKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.30
Year-over-Year Change
-1.51%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Other Articles of Clothing and Clothing Accessories in Denmark tracks the changes in prices of various clothing items excluding clothing services. This metric is a key indicator of consumer price inflation within 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 member states. The Other Articles of Clothing and Clothing Accessories component specifically monitors price changes for items like garments, accessories, and footwear. This data provides important insights into Danish consumer spending patterns and the overall cost of living.
Methodology
The HICP is calculated based on a representative basket of consumer goods and services, with prices collected from retail outlets and service providers.
Historical Context
Policymakers and analysts use this HICP metric to assess inflationary pressures and inform monetary and fiscal policy decisions.
Key Facts
- The HICP is a key metric for monitoring European inflation.
- Clothing and accessories account for a significant portion of consumer spending.
- Denmark has historically maintained low and stable inflation rates.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Other Articles of Clothing and Clothing Accessories in Denmark tracks changes in the prices of various clothing items excluding clothing services.
Q: Why is this trend relevant for users or analysts?
A: This HICP metric provides important insights into Danish consumer spending patterns and the overall cost of living, which is crucial for policymakers and analysts to assess inflationary pressures.
Q: How is this data collected or calculated?
A: The HICP is calculated based on a representative basket of consumer goods and services, with prices collected from retail outlets and service providers.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP metric to assess inflationary pressures and inform monetary and fiscal policy decisions in Denmark.
Q: Are there update delays or limitations?
A: The HICP data is typically published on a monthly basis, but there may be occasional delays or revisions due to the complexity of data collection across the European Union.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Other Articles of Clothing and Clothing Accessories for Denmark (CP0313DKM086NEST), retrieved from FRED.