Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Denmark
DNKCPHP1100GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.90
Year-over-Year Change
-48.65%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Restaurants and Hotels in Denmark measures the price changes of goods and services related to dining out and accommodation in the country. This indicator is a key metric for assessing inflationary pressures and consumer spending 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 Restaurants and Hotels CPI is a component of the overall Consumer Price Index, which tracks the average change in prices paid by consumers for a basket of goods and services. This subindex focuses specifically on the costs associated with dining, drinking, and lodging, providing insight into a significant portion of household expenditures.
Methodology
The data is collected through regular surveys of prices charged by a representative sample of businesses in the restaurant, hotel, and related sectors.
Historical Context
Policymakers and economists closely monitor the Restaurants and Hotels CPI to gauge consumer behavior and inflationary dynamics in the service sector.
Key Facts
- The Restaurants and Hotels CPI is a subcomponent of the overall Danish Consumer Price Index.
- This indicator tracks price changes for dining, drinking, and lodging services in Denmark.
- The Restaurants and Hotels CPI is a key metric for assessing consumer spending and inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The Restaurants and Hotels CPI measures the price changes of goods and services related to dining out and accommodation in Denmark.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into a significant portion of household expenditures and is closely monitored by policymakers and economists to gauge consumer behavior and inflationary dynamics in the service sector.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of prices charged by a representative sample of businesses in the restaurant, hotel, and related sectors.
Q: How is this trend used in economic policy?
A: Policymakers and economists use the Restaurants and Hotels CPI to assess consumer spending patterns and inflationary pressures in the service sector, which informs their policy decisions.
Q: Are there update delays or limitations?
A: The Restaurants and Hotels CPI data is typically published on a monthly basis with a short delay, providing timely information for analysts and policymakers.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Denmark (DNKCPHP1100GYM), retrieved from FRED.