Harmonized Index of Consumer Prices: Accommodation Services for Denmark
CP1120DKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
213.20
Year-over-Year Change
5.70%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Accommodation Services in Denmark measures changes in the prices paid by Danish consumers for hotel stays and other overnight accommodations.
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 leading indicator used by economists and policymakers to track inflationary pressures in the Eurozone. The Accommodation Services component provides insights into a key part of consumer spending and the broader Danish economy.
Methodology
The data is collected through surveys of hotels, motels, and other lodging providers across Denmark.
Historical Context
This index helps the Riksbank, Denmark's central bank, monitor price stability and inform monetary policy decisions.
Key Facts
- The HICP is a harmonized inflation indicator used across the European Union.
- Accommodation Services make up approximately 3% of the total Danish consumer price index.
- Prices for hotel stays and other lodging in Denmark have risen by 2.5% over the past year.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Accommodation Services in Denmark measures changes in the prices paid by Danish consumers for hotel stays and other overnight accommodations.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into a key component of consumer spending and broader inflationary pressures in the Danish economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of hotels, motels, and other lodging providers across Denmark.
Q: How is this trend used in economic policy?
A: The Accommodation Services HICP helps Denmark's central bank, the Riksbank, monitor price stability and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Accommodation Services for Denmark (CP1120DKM086NEST), retrieved from FRED.