Harmonized Index of Consumer Prices: Jewellery, Clocks and Watches for Denmark
CP1231DKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.20
Year-over-Year Change
4.28%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Jewellery, Clocks and Watches in Denmark tracks changes in the prices of these consumer goods. This indicator provides insights into inflationary trends and consumer spending patterns within 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 HICP is a standardized measure of consumer price inflation across European Union countries. The Jewellery, Clocks and Watches index specifically monitors price fluctuations in this consumer products category, which is an important component of overall consumer spending.
Methodology
The data is collected through surveys of retail establishments and service providers in Denmark.
Historical Context
Policymakers and analysts use this HICP sub-index to assess domestic inflationary pressures and consumer behavior.
Key Facts
- The base year for the HICP is 2015 = 100.
- Denmark joined the Eurozone in 1999.
- Jewellery and watches account for about 1% of the Danish consumer price index basket.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Jewellery, Clocks and Watches in Denmark tracks changes in the prices of these consumer goods over time.
Q: Why is this trend relevant for users or analysts?
A: This HICP sub-index provides insights into inflationary pressures and consumer spending patterns within the Danish economy, which is valuable information for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and service providers in Denmark.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP sub-index to assess domestic inflationary pressures and consumer behavior, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a lag of approximately one month.
Related Trends
Number of Identified Exporters to Denmark from Iowa
IADNKA475SCEN
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Overall Index Excluding Energy, Food, Alcohol and Tobacco for Denmark
DNKCPHPLA01IXOBM
Unemployment to Population Rate: All Ages: Females for Denmark
LRUPTTFEDKQ156S
Gross Portfolio Debt Liabilities to GDP for Denmark
DDDM10DKA156NWDB
Value of Total Orders for Manufacturing for Denmark
ODMNTO02DKQ661S
Production: Industry: Total Industry Excluding Construction for Denmark
DNKPRINTO01GPSAM
Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Jewellery, Clocks and Watches for Denmark (CP1231DKM086NEST), retrieved from FRED.