Harmonized Index of Consumer Prices: Electricity, Gas and Other Fuels for Denmark
CP0450DKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.10
Year-over-Year Change
-3.46%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Electricity, Gas and Other Fuels for Denmark measures the changes in the prices of electricity, gas, and other fuels paid by Danish consumers over time. This index is a key indicator of energy costs and inflation pressures 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 Harmonized Index of Consumer Prices (HICP) is a standardized measure of consumer price inflation across European Union countries. The Electricity, Gas and Other Fuels component specifically tracks the prices of these energy sources for households, providing insight into energy cost dynamics.
Methodology
The data is collected through surveys of Danish consumers and businesses by Statistics Denmark.
Historical Context
Policymakers and analysts use this index to assess energy-related inflation and its impacts on the broader economy.
Key Facts
- Denmark is a major energy consumer in the European Union.
- Electricity and natural gas make up a significant portion of Danish household budgets.
- Energy costs are closely watched as a driver of overall inflation in the Danish economy.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Electricity, Gas and Other Fuels for Denmark measures changes in the prices of these energy sources paid by Danish consumers.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into energy-related inflation pressures, which can have significant impacts on household budgets and the broader Danish economy.
Q: How is this data collected or calculated?
A: The data is collected through consumer and business surveys conducted by Statistics Denmark.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess energy cost dynamics and their influence on overall inflation, informing monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly by Statistics Denmark with minimal delays, providing timely insights into Danish energy price trends.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Electricity, Gas and Other Fuels for Denmark (CP0450DKM086NEST), retrieved from FRED.