Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Denmark
DNKCP060000IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.07
Year-over-Year Change
7.88%
Date Range
1/1/2000 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Health in Denmark measures the change in prices for a basket of healthcare-related goods and services. It is a key economic indicator used to assess inflationary pressures and guide policy decisions.
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 CPI for Health in Denmark is part of the broader Consumer Price Indices (CPIs) and Harmonised Indices of Consumer Prices (HICPs) measured according to the Classification of Individual Consumption by Purpose (COICOP) standards. This index provides insights into changes in healthcare costs faced by Danish consumers.
Methodology
The data is collected through consumer surveys and administrative sources by Statistics Denmark.
Historical Context
Policymakers and analysts monitor this CPI component to understand healthcare inflation and its potential impact on household budgets and the broader economy.
Key Facts
- The base year for the Denmark Health CPI is 2015.
- Healthcare accounts for approximately 4% of the total Danish CPI basket.
- Denmark has a universal healthcare system funded through taxation.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Health in Denmark measures the change in prices for a basket of healthcare-related goods and services over time.
Q: Why is this trend relevant for users or analysts?
A: This CPI component provides insights into healthcare inflation, which is crucial for understanding the cost of living and guiding policymaking.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and administrative sources by Statistics Denmark.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this CPI component to understand healthcare inflation and its potential impact on household budgets and the broader economy.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and methodological limitations of Statistics Denmark.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Denmark (DNKCP060000IXOBQ), retrieved from FRED.