Harmonized Index of Consumer Prices: Services, Miscellaneous for Denmark
SERVMIDKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
131.60
Year-over-Year Change
3.22%
Date Range
12/1/1999 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Services, Miscellaneous in Denmark measures price changes in a range of service sectors, providing insight into overall domestic inflation.
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 Services, Miscellaneous index tracks prices for a basket of service-based consumer purchases in Denmark, including items like personal care, insurance, and recreation. This metric is a key indicator used by economists and policymakers to assess the state of the Danish economy.
Methodology
The data is collected through surveys of consumers and businesses by Statistics Denmark.
Historical Context
Central banks like the Danmarks Nationalbank closely monitor the HICP Services index to guide monetary policy decisions.
Key Facts
- The base year for the HICP Services index is 2015 = 100.
- Prices for services make up around 60% of the total Danish HICP basket.
- The HICP Services index has risen by an average of 1.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Services, Miscellaneous in Denmark tracks price changes for a basket of service-based consumer purchases.
Q: Why is this trend relevant for users or analysts?
A: The HICP Services index is a key indicator used by economists and policymakers to assess domestic inflationary pressures and the overall state of the Danish economy.
Q: How is this data collected or calculated?
A: The data is collected through consumer and business surveys conducted by Statistics Denmark.
Q: How is this trend used in economic policy?
A: Central banks like the Danmarks Nationalbank closely monitor the HICP Services index to guide monetary policy decisions and maintain price stability.
Q: Are there update delays or limitations?
A: The HICP Services data is typically published on a monthly basis with a short lag, providing timely insights on Danish inflation.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Services, Miscellaneous for Denmark (SERVMIDKM086NEST), retrieved from FRED.