Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Denmark
DNKCP020000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132.40
Year-over-Year Change
-1.41%
Date Range
1/1/2000 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics measures changes in the prices paid by Danish consumers for these products over time.
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
This CPI component tracks the inflation experienced by Danish households on a subset of consumer expenditures, providing insight into price pressures within this specific category. It is a key indicator used by policymakers and economists to assess overall cost-of-living trends.
Methodology
The data is collected through surveys of retail establishments and compiled by Statistics Denmark.
Historical Context
The CPI for Alcoholic Beverages, Tobacco and Narcotics is used to inform monetary and fiscal policy decisions in Denmark.
Key Facts
- Denmark's CPI for Alcoholic Beverages, Tobacco and Narcotics has a base year of 2015.
- This index is published monthly by Statistics Denmark.
- It is a component of the broader Danish Consumer Price Index.
FAQs
Q: What does this economic trend measure?
A: This economic trend measures changes in the prices paid by Danish consumers for alcoholic beverages, tobacco, and narcotics over time.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the inflation experienced by Danish households on a subset of consumer expenditures, which is valuable for policymakers and economists assessing overall cost-of-living trends.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and compiled by Statistics Denmark.
Q: How is this trend used in economic policy?
A: The CPI for Alcoholic Beverages, Tobacco and Narcotics is used to inform monetary and fiscal policy decisions in Denmark.
Q: Are there update delays or limitations?
A: The data is published monthly by Statistics Denmark with no known update delays or limitations.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Denmark (DNKCP020000IXOBM), retrieved from FRED.