Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Denmark
CPALTT01DKA659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.37
Year-over-Year Change
-42.78%
Date Range
1/1/1967 - 1/1/2024
Summary
The Consumer Price Index (CPI) for Denmark measures the changes in the prices of consumer goods and services purchased by Danish households. It is a key indicator of inflation and the cost of living in the country.
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 CPI for Denmark, classified using the Classification of Individual Consumption by Purpose (COICOP) 1999 standard, tracks the weighted average change in prices for a basket of consumer items that represents typical household expenditures. It is used to inform monetary policy and adjust wages, social benefits, and other economic measures.
Methodology
The Danish CPI is calculated monthly by Statistics Denmark based on a survey of prices collected from retailers across the country.
Historical Context
The CPI is a crucial input for the Danish central bank's monetary policy decisions and is closely watched by economists, policymakers, and market participants.
Key Facts
- The Danish CPI has a base year of 2015.
- The index covers approximately 1,000 different goods and services.
- CPI data is released by Statistics Denmark on the 10th of each month.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Denmark measures the changes in the prices of consumer goods and services purchased by Danish households.
Q: Why is this trend relevant for users or analysts?
A: The Danish CPI is a key indicator of inflation and the cost of living, which is crucial information for monetary policy, wage negotiations, and economic analysis.
Q: How is this data collected or calculated?
A: The Danish CPI is calculated monthly by Statistics Denmark based on a survey of prices collected from retailers across the country.
Q: How is this trend used in economic policy?
A: The CPI is a crucial input for the Danish central bank's monetary policy decisions and is closely watched by economists, policymakers, and market participants.
Q: Are there update delays or limitations?
A: CPI data for Denmark is released by Statistics Denmark on the 10th of each month, with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Denmark (CPALTT01DKA659N), retrieved from FRED.