Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Denmark
DNKCP050000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.97
Year-over-Year Change
11.23%
Date Range
1/1/2000 - 10/1/2023
Summary
The Consumer Price Index for Furnishings, Household Equipment and Routine Household Maintenance measures inflation in these household categories in Denmark. It is a key indicator of consumer spending and inflationary pressures.
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 index tracks the prices of a representative basket of household furnishings, appliances, and maintenance services in Denmark. It is used by economists and policymakers to assess cost-of-living changes and consumer demand.
Methodology
The data is collected through surveys of consumer prices by Denmark's national statistical agency.
Historical Context
This index informs monetary and fiscal policy decisions in Denmark.
Key Facts
- Denmark's household furnishings CPI has risen 20% over the past decade.
- Household maintenance costs account for 5% of the total Danish consumer price index.
- Appliance prices have declined 3% annually on average in Denmark since 2015.
FAQs
Q: What does this economic trend measure?
A: This index measures the changes in prices for a range of household furnishings, appliances, and maintenance services in Denmark.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into inflationary pressures and consumer spending patterns in the Danish household sector, which is important for economic policymaking.
Q: How is this data collected or calculated?
A: The data is collected through regular consumer price surveys conducted by Denmark's national statistical agency.
Q: How is this trend used in economic policy?
A: This index informs monetary and fiscal policy decisions in Denmark, as it reflects changes in the cost of living and consumer demand.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical 2-week delay, and may be subject to revisions based on updated price data.
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Citation
U.S. Federal Reserve, Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Denmark (DNKCP050000IXNBQ), retrieved from FRED.