HICP in Denmark

The harmonised index of consumer prices (HICP) measures Danish consumer price inflation using the common EU methodology, so the figure is comparable across countries. It does not replace the national CPI: it uses a different basket (owner-occupied housing is treated differently, for one), so the two readings do not match.

Chain-linked Laspeyres index over the European COICOP consumption classification, with weights updated yearly from household expenditure. Base 2015 = 100.

This is the reading the ECB and the European Commission use to compare inflation across countries, and the one that feeds the euro-area and EU aggregates. It matters less to Danish markets than the national CPI, since the krone is pegged to the euro and Danish monetary policy follows the ECB.

It leaves out owner-occupied housing costs, a large share of real household spending, so it can drift from the inflation people actually feel. Early readings are revised as late-arriving prices come in.