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Prices and Consumption, Economic Statistics
Martin Sædholm Nielsen
+45 39 17 30 05

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Harmonized Index of Consumer Prices (HICP)

The HICP is generally viewed as a reliable statistic based on the views of users.

Important users are among others The European Central Bank, The EU Commission, The Ministry of Finance, The Ministry of Economic Affairs and the Interior, The Danish Central Bank and private banks and other financial organizations.

User Needs

The users of HICP are primarily the European Central Bank, the European Commission, the Ministry of Economic and Business Affairs, and the Nationalbank. As HICP has been calculated on a comparable basis in all countries, the figures are primarily used where there is a need for comparing the development in consumer prices.

User Satisfaction

Feedback is given at a yearly meeting held with the most important users.

Eurostat is checking on a continuous basis whether Statistics Denmark is in compliance with the requirements in the HICP regulations.

User satisfaction surveys have not been carried out.

Data completeness rate

The Danish HICP is in complaince with the EU-regulations regarding the HICP. Eurostat is producing reports with conclusions regarding the compliance and these reports are available here: Compliance monitoring.