Harmonized Index of Consumer Prices: Furniture and Furnishings for Denmark
CP0511DKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.60
Year-over-Year Change
5.28%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices for Furniture and Furnishings in Denmark measures changes in the prices paid by Danish consumers for household furnishings. This metric is a key indicator of consumer demand and inflationary trends 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 inflation used across the European Union. The Furniture and Furnishings component tracks price changes for items like furniture, lighting, and household textiles, providing insights into consumer spending and price dynamics in this important economic sector.
Methodology
The data is collected through a nationwide survey of prices paid by Danish households.
Historical Context
Policymakers and economists use this HICP indicator to assess overall price stability and guide monetary policy decisions.
Key Facts
- Denmark's Furniture and Furnishings HICP has a base year of 2015.
- Furnishings account for approximately 5% of the total Danish consumer price index basket.
- Prices for household furnishings have risen steadily in Denmark over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Furniture and Furnishings in Denmark tracks changes in the prices paid by Danish households for a variety of home furnishing items.
Q: Why is this trend relevant for users or analysts?
A: This HICP indicator provides important insights into consumer demand and inflationary pressures within a key sector of the Danish economy.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of prices paid by Danish households for a representative basket of furniture and furnishing products.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this HICP component to assess overall price stability and guide monetary policy decisions in Denmark.
Q: Are there update delays or limitations?
A: The Furniture and Furnishings HICP for Denmark is published monthly with a typical release lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Furniture and Furnishings for Denmark (CP0511DKM086NEST), retrieved from FRED.