Annual
BPCATT01DKA636N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
611,000,000.00
Year-over-Year Change
-377.73%
Date Range
1/1/1997 - 1/1/2013
Summary
The 'Annual' trend measures the annual change in the consumer price index (CPI) for Denmark. This metric is closely watched by economists and policymakers to assess inflation and cost-of-living pressures.
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 'Annual' series tracks the year-over-year percent change in the Danish consumer price index, a key indicator of domestic inflation. Monitoring these annual price fluctuations helps inform monetary policy decisions and macroeconomic analysis.
Methodology
The CPI data is collected monthly by Statistics Denmark through a nationwide survey of consumer expenditures.
Historical Context
Central banks and finance ministries use this annual inflation metric to guide interest rate, fiscal, and economic policy.
Key Facts
- Denmark's annual inflation rate was 7.4% in 2022.
- The CPI basket includes over 1,000 consumer goods and services.
- The central bank of Denmark targets an inflation rate of 2%.
FAQs
Q: What does this economic trend measure?
A: The 'Annual' trend measures the year-over-year percent change in Denmark's consumer price index, a key indicator of domestic inflation.
Q: Why is this trend relevant for users or analysts?
A: Monitoring annual inflation is crucial for central banks, policymakers, and economists to assess cost-of-living pressures and guide monetary and fiscal policies.
Q: How is this data collected or calculated?
A: The consumer price index data is collected monthly by Statistics Denmark through a nationwide survey of consumer expenditures.
Q: How is this trend used in economic policy?
A: Central banks and finance ministries use this annual inflation metric to inform interest rate decisions, fiscal policies, and broader macroeconomic management.
Q: Are there update delays or limitations?
A: The annual CPI data is typically published with a 1-2 month lag by the statistical agency.
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Citation
U.S. Federal Reserve, Annual (BPCATT01DKA636N), retrieved from FRED.