Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Denmark
DNKCPIHICAINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.10
Year-over-Year Change
20.42%
Date Range
1/1/1990 - 1/1/2024
Summary
The Consumer Price Indices (CPIs, HICPs) for Denmark measure the changes in the general price level of consumer goods and services purchased by households. This key economic indicator is closely monitored by policymakers to assess inflation 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 Consumer Price Index (CPI) and Harmonized Index of Consumer Prices (HICP) for Denmark track the price changes of a representative basket of consumer items. They are important benchmarks used to measure and analyze domestic inflation and guide monetary policy decisions.
Methodology
The data is collected through surveys of consumer expenditures and retail prices.
Historical Context
Central banks and finance ministries closely track CPI and HICP trends to inform economic policy and manage inflation targets.
Key Facts
- Denmark's CPI/HICP is based on a basket of over 1,000 consumer goods and services.
- The index is published monthly by Statistics Denmark.
- CPI/HICP is a key input for the European Central Bank's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Indices (CPIs, HICPs) for Denmark track changes in the general price level of consumer goods and services purchased by households.
Q: Why is this trend relevant for users or analysts?
A: CPI and HICP are crucial benchmarks used to assess domestic inflation and guide monetary policy decisions by central banks and finance ministries.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and retail prices.
Q: How is this trend used in economic policy?
A: Central banks and finance ministries closely monitor CPI and HICP trends to inform policy decisions and manage inflation targets.
Q: Are there update delays or limitations?
A: The index is published monthly by Statistics Denmark with minimal delays.
Related Trends
Harmonized Index of Consumer Prices: Clothing for Denmark
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Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Overall Index Excluding Energy, Food, Alcohol and Tobacco for Denmark
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Geographical Outreach: Number of Commercial Banks for Denmark
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Infra-Annual Labor Statistics: Unemployment Rate Female: From 25 to 54 Years for Denmark
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Consumer Price Index: All Items: Total for Denmark
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Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 15 Years or over for Denmark
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Denmark (DNKCPIHICAINMEI), retrieved from FRED.