Harmonized Index of Consumer Prices: Insurance Connected with the Dwelling for Denmark
CP1252DKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.70
Year-over-Year Change
-1.24%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP): Insurance Connected with the Dwelling for Denmark measures the price changes of insurance services related to housing for Danish consumers. It is a key indicator of inflation and cost-of-living trends.
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 'Insurance Connected with the Dwelling' component specifically tracks the prices of insurance services like home, renter's, and mortgage insurance. This data helps economists and policymakers understand broader household expenditure patterns.
Methodology
The data is collected through household surveys and compiled by Eurostat.
Historical Context
HICP trends are closely monitored by the European Central Bank and Danish National Bank for monetary policy decisions.
Key Facts
- Denmark's HICP: Insurance Connected with the Dwelling has risen by over 20% since 2015.
- Housing insurance accounts for about 2% of the total Danish consumer price index.
- This indicator helps track changing household costs related to homeownership and renting.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP): Insurance Connected with the Dwelling for Denmark measures the price changes of insurance services related to housing for Danish consumers.
Q: Why is this trend relevant for users or analysts?
A: This data helps economists and policymakers understand broader household expenditure patterns and cost-of-living trends in Denmark.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and compiled by Eurostat.
Q: How is this trend used in economic policy?
A: HICP trends are closely monitored by the European Central Bank and Danish National Bank for monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a lag of around one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Insurance Connected with the Dwelling for Denmark (CP1252DKM086NEST), retrieved from FRED.