Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Denmark
DNKCPHP0400GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.40
Year-over-Year Change
-111.11%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index (CPI) for Harmonized Prices of Housing, Water, Electricity, Gas and Other Fuels in Denmark measures price changes in a key sector of the Danish economy. This metric is widely used by economists and policymakers to assess inflationary pressures 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 COICOP 04 CPI for Denmark tracks the prices of housing, utilities, and related services, which account for a significant portion of household expenditures. This data series is a crucial input for the analysis of consumer inflation, household budgets, and the overall state of the Danish economy.
Methodology
The data is collected through a national survey of retail prices and compiled by Statistics Denmark.
Historical Context
Central banks and government agencies rely on this CPI data to inform monetary and fiscal policies.
Key Facts
- The CPI for Housing, Utilities in Denmark has a base year of 2015.
- Housing and utilities account for over 25% of the total Danish CPI basket.
- Denmark has one of the highest household energy costs in Europe.
FAQs
Q: What does this economic trend measure?
A: The COICOP 04 CPI for Denmark tracks the prices of housing, water, electricity, gas, and other household fuels and services.
Q: Why is this trend relevant for users or analysts?
A: This metric is a crucial indicator of inflationary pressures and the cost of living in Denmark, informing economic policymaking and household budgeting.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of retail prices and compiled by Statistics Denmark.
Q: How is this trend used in economic policy?
A: Central banks and government agencies use this CPI data to assess inflationary trends and inform monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Denmark (DNKCPHP0400GPM), retrieved from FRED.