Harmonized Index of Consumer Prices: Liquid Fuels and Fuels and Lubricants for Denmark
FUELS0DKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
135.20
Year-over-Year Change
-1.67%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Liquid Fuels and Fuels and Lubricants in Denmark tracks changes in prices paid by Danish consumers for these energy-related goods and services. This metric is a key indicator of inflationary pressures in the Danish economy.
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 HICP is a standardized measure of consumer price inflation across European Union countries. The Liquid Fuels and Fuels and Lubricants components focus on the prices of transportation fuels, heating oil, and related products that are essential for households and businesses.
Methodology
This index is calculated based on price surveys conducted by Statistics Denmark.
Historical Context
Policymakers and analysts use this HICP trend to assess the impact of energy costs on overall consumer inflation and to inform monetary and fiscal policy decisions.
Key Facts
- The base year for this HICP index is 2015.
- Denmark's HICP for Liquid Fuels and Fuels and Lubricants reached a high of 125.36 in July 2022.
- Prices for these energy goods account for a significant portion of the average Danish household's budget.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Liquid Fuels and Fuels and Lubricants measures changes in the prices paid by Danish consumers for transportation fuels, heating oil, and related energy products.
Q: Why is this trend relevant for users or analysts?
A: This HICP trend is a key indicator of inflationary pressures in the Danish economy, as energy costs have a significant impact on overall consumer prices and household budgets.
Q: How is this data collected or calculated?
A: The index is calculated by Statistics Denmark based on price surveys of these energy products.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP trend to assess the impact of energy costs on inflation and to inform monetary and fiscal policy decisions in Denmark.
Q: Are there update delays or limitations?
A: The HICP data is published monthly by Eurostat with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Liquid Fuels and Fuels and Lubricants for Denmark (FUELS0DKM086NEST), retrieved from FRED.