Harmonized Index of Consumer Prices: Package Holidays for Denmark
CP0960DKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
195.00
Year-over-Year Change
19.12%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Package Holidays in Denmark measures changes in the prices consumers pay for package holiday services, a key component of household spending.
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 HICP is a standardized measure of inflation used across the European Union to track changes in the general price level of consumer goods and services. The Package Holidays subindex focuses on the cost of pre-arranged travel packages, providing insight into a significant area of consumer expenditure.
Methodology
The data is collected through surveys of consumer prices by national statistical agencies and compiled by Eurostat.
Historical Context
Policymakers and economists monitor the HICP to assess the state of the economy and inform monetary and fiscal policy decisions.
Key Facts
- Denmark's HICP for Package Holidays uses 2015 as the base year.
- Package Holidays account for approximately 3.7% of Denmark's total consumer expenditure.
- The HICP is published monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Package Holidays in Denmark measures changes in the prices consumers pay for pre-arranged travel packages, including accommodations, transportation, and other related services.
Q: Why is this trend relevant for users or analysts?
A: The HICP for Package Holidays provides insight into a significant component of household spending, helping economists and policymakers understand inflationary pressures and consumer behavior in the travel and tourism sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices by Denmark's national statistical agency and compiled by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Policymakers and central banks, such as the European Central Bank, monitor the HICP to assess the state of the economy and inform monetary and fiscal policy decisions, including interest rate adjustments and inflation targeting.
Q: Are there update delays or limitations?
A: The HICP data is published monthly by Eurostat, with a lag of approximately one month from the reference period.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Package Holidays for Denmark (CP0960DKM086NEST), retrieved from FRED.