Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Denmark
DNKCPHP1100IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
131.20
Year-over-Year Change
1.86%
Date Range
1/1/1996 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Restaurants and Hotels in Denmark tracks changes in the prices of food consumed away from home and accommodation services. This data provides insights into inflation pressures and consumer spending in the hospitality sector.
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 broader Consumer Price Index, which measures changes in the prices paid by consumers for a basket of goods and services. This specific index helps economists and policymakers understand price dynamics in the dining and lodging industries.
Methodology
The data is collected through surveys of businesses and households by Statistics Denmark.
Historical Context
The Restaurants and Hotels CPI is used to inform monetary policy and assess the state of the Danish economy.
Key Facts
- The base year for the Restaurants and Hotels CPI in Denmark is 1999.
- This index is published monthly by Statistics Denmark.
- The Restaurants and Hotels CPI is a component of the overall Consumer Price Index for Denmark.
FAQs
Q: What does this economic trend measure?
A: The Restaurants and Hotels CPI for Denmark measures changes in the prices of food consumed away from home and accommodation services.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into inflation pressures and consumer spending in the hospitality sector, which is important for understanding the broader state of the Danish economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by Statistics Denmark.
Q: How is this trend used in economic policy?
A: The Restaurants and Hotels CPI is used to inform monetary policy and assess the state of the Danish economy.
Q: Are there update delays or limitations?
A: The Restaurants and Hotels CPI is published monthly by Statistics Denmark with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Denmark (DNKCPHP1100IXOBM), retrieved from FRED.