Harmonized Index of Consumer Prices: Non-Durable Household Goods for Denmark
CP0561DKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.60
Year-over-Year Change
-3.65%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Non-Durable Household Goods for Denmark tracks changes in the prices of non-durable goods consumed by Danish households. This metric is a key indicator of consumer price inflation in Denmark.
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 Non-Durable Household Goods component focuses specifically on the prices of frequently purchased, short-lived goods like cleaning products, toiletries, and other household necessities.
Methodology
The data is collected through surveys of retail outlets and service providers across Denmark.
Historical Context
Policymakers and analysts use this HICP subindex to assess underlying price pressures and guide monetary and fiscal policy decisions.
Key Facts
- The HICP is a harmonized measure used across the European Union.
- Non-durable household goods account for a significant portion of consumer spending.
- Trends in this index help determine the overall cost of living in Denmark.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Non-Durable Household Goods for Denmark tracks changes in the prices of frequently purchased, short-lived household items like cleaning supplies and personal care products.
Q: Why is this trend relevant for users or analysts?
A: This HICP subindex provides insight into underlying consumer price pressures and the overall cost of living in Denmark, which is crucial information for policymakers, businesses, and households.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail outlets and service providers across Denmark.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP subindex to assess inflationary trends and guide 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 with a short delay, providing timely insight into price movements.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Denmark
DNKCPGRSE01GYM
Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 64 Years for Denmark
LRUN64TTDKQ156S
Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Denmark
DNKFCSODCGGDPPT
Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: From 15 to 24 Years for Denmark
LRHU24MADKA156S
Consumer Price Index: All Items: Total for Denmark
CPALTT01DKM657N
Infra-Annual Labor Statistics: Monthly Unemployment Female: From 15 to 24 Years for Denmark
LFHU24FEDKA647N
Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Non-Durable Household Goods for Denmark (CP0561DKM086NEST), retrieved from FRED.