Consumer Price Index: OECD Groups: Housing: Total for Denmark
DNKCPGRHO01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
2/1/1981 - 12/1/2023
Summary
The Consumer Price Index: OECD Groups: Housing: Total for Denmark measures changes in the cost of housing-related goods and services for consumers in Denmark. This metric is a key indicator of inflation and household expenditures.
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 Housing CPI for Denmark is a subcomponent of the overall Consumer Price Index that tracks the prices of goods and services related to housing, such as rent, utilities, and home maintenance. It provides insights into the cost of living and helps economists and policymakers understand inflationary pressures.
Methodology
This data is collected by Denmark's national statistical agency through consumer surveys and market price observations.
Historical Context
The Housing CPI is used to inform monetary policy decisions and adjustments to government programs like social benefits.
Key Facts
- Denmark's Housing CPI has a base year of 2015.
- Housing accounts for over 20% of the total Danish CPI basket.
- Shelter costs are the largest component of the Housing CPI.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: OECD Groups: Housing: Total for Denmark measures changes in the prices of housing-related goods and services for consumers in Denmark.
Q: Why is this trend relevant for users or analysts?
A: The Housing CPI provides important insights into inflationary pressures and the cost of living in Denmark, which is crucial information for policymakers, businesses, and households.
Q: How is this data collected or calculated?
A: This data is collected by Denmark's national statistical agency through consumer surveys and market price observations.
Q: How is this trend used in economic policy?
A: The Housing CPI is used to inform monetary policy decisions and adjustments to government programs like social benefits in Denmark.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the index may not capture all housing-related costs for individual consumers.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Housing: Total for Denmark (DNKCPGRHO01GPM), retrieved from FRED.