Harmonized Index of Consumer Prices: Medical Products, Appliances and Equipment for Denmark
CP0610DKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.40
Year-over-Year Change
2.46%
Date Range
12/1/1999 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Medical Products, Appliances and Equipment for Denmark measures the changes in prices for medical products, appliances, and equipment in the Danish consumer market. This metric is important for tracking inflation and consumer spending patterns.
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 consumer price index used to measure inflation and price stability across the European Union. The Medical Products, Appliances and Equipment component specifically captures price trends for healthcare-related goods and services in Denmark.
Methodology
The data is collected through consumer surveys and retail price monitoring by national statistical agencies.
Historical Context
Policymakers and economists use this HICP measure to assess the cost of living and inflationary pressures in Denmark.
Key Facts
- The base year for the HICP index is 2015.
- Denmark has one of the highest consumer prices for healthcare goods in Europe.
- This HICP measure excludes taxes and focuses on out-of-pocket consumer costs.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Medical Products, Appliances and Equipment for Denmark measures changes in consumer prices for healthcare-related goods and services in the Danish market.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into inflationary pressures and the cost of living for Danish consumers, particularly in the healthcare sector.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and retail price monitoring by Denmark's national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this HICP measure to assess inflation and cost-of-living trends, which can inform decisions around monetary policy, social programs, and other economic interventions.
Q: Are there update delays or limitations?
A: There may be lags of several weeks or months in the reporting of this HICP data due to the time required for data collection and analysis.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Medical Products, Appliances and Equipment for Denmark (CP0610DKM086NEST), retrieved from FRED.