Harmonized Index of Consumer Prices: Maintenance and Repair of the Dwelling for Denmark
CP0430DKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
136.70
Year-over-Year Change
1.86%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices for Maintenance and Repair of the Dwelling in Denmark measures the change in prices for home maintenance and repair services over time. This indicator provides insights into inflation trends and consumer spending in the housing sector.
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 Harmonized Index of Consumer Prices (HICP) is a measure of consumer price inflation in the European Union. The Maintenance and Repair of the Dwelling component tracks price changes for services related to home upkeep and minor repairs, offering a detailed view of housing-related consumer costs.
Methodology
The data is collected through consumer surveys and compiled by Eurostat, the statistical office of the European Union.
Historical Context
This index is closely monitored by policymakers and economists to assess the broader state of the Danish economy and inform macroeconomic decision-making.
Key Facts
- The base year for this index is 2015 = 100.
- Denmark is a member of the European Union and participates in the HICP program.
- Maintenance and repair costs account for a significant portion of household budgets.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Maintenance and Repair of the Dwelling in Denmark measures changes in the prices of services related to home upkeep and minor repairs over time.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into inflation trends and consumer spending patterns in the housing sector, which is an important component of the broader Danish economy.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and compiled by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: This index is closely monitored by policymakers and economists to assess the state of the Danish economy and inform macroeconomic decision-making.
Q: Are there update delays or limitations?
A: The HICP data is typically released on a monthly basis with a short delay, providing timely information on price trends.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Maintenance and Repair of the Dwelling for Denmark (CP0430DKM086NEST), retrieved from FRED.