Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Water Supply and Miscellaneous Services Relating to the Dwelling for Denmark
DNKCPHP0404GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
2/1/1996 - 11/1/2023
Summary
This economic trend measures the harmonized consumer price index for housing, water, electricity, gas, and other fuels in Denmark, specifically focusing on water supply and miscellaneous dwelling services. It provides insights into a key component of the cost of living for Danish households.
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 Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Water Supply and Miscellaneous Services Relating to the Dwelling for Denmark tracks the prices of water supply, refuse collection, and other services related to the maintenance of residential dwellings. This metric is a crucial indicator of inflationary pressures and living costs for Danish consumers.
Methodology
The data is collected through a nationwide survey of consumer prices.
Historical Context
Policymakers and analysts use this index to assess the state of the Danish housing market and make informed decisions about economic policies.
Key Facts
- The index has a base year of 2015.
- Housing and utilities account for around 24% of the Danish consumer price index.
- Prices in this category have risen by 3.2% over the past year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the harmonized consumer price index for housing, water, electricity, gas, and other fuels in Denmark, focusing specifically on water supply and miscellaneous dwelling services.
Q: Why is this trend relevant for users or analysts?
A: This metric is a crucial indicator of inflationary pressures and living costs for Danish consumers, providing insights into a key component of the cost of living.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the state of the Danish housing market and make informed decisions about economic policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Water Supply and Miscellaneous Services Relating to the Dwelling for Denmark (DNKCPHP0404GPM), retrieved from FRED.