Consumer Price Index: All Items: Total for Denmark
CPALTT01DKM657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
1/1/1967 - 3/1/2024
Summary
The Consumer Price Index (CPI) for All Items: Total in Denmark measures the change in prices paid by Danish consumers for a basket of goods and services. It is a key indicator of inflation and an important tool for economic policymakers.
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 All Items: Total in Denmark is a comprehensive measure of the average change in prices over time for a fixed basket of consumer goods and services. It is widely used to track the purchasing power of the Danish krone and to inform monetary and fiscal policy decisions.
Methodology
The data is collected by Statistics Denmark through surveys of consumers and businesses.
Historical Context
The CPI is closely monitored by the Danish central bank and government to assess inflationary pressures and guide policy responses.
Key Facts
- The CPI for All Items: Total in Denmark has a base year of 2015 = 100.
- Denmark has maintained relatively low and stable inflation rates in recent decades.
- The CPI is a major input for cost-of-living adjustments and indexation of wages and contracts.
FAQs
Q: What does this economic trend measure?
A: The CPI for All Items: Total in Denmark measures the average change in prices paid by Danish consumers for a fixed basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a key indicator of inflation and an important tool for economic policymakers in Denmark to assess purchasing power and guide monetary and fiscal policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by Statistics Denmark through surveys of consumers and businesses.
Q: How is this trend used in economic policy?
A: The CPI is closely monitored by the Danish central bank and government to assess inflationary pressures and guide policy responses.
Q: Are there update delays or limitations?
A: The CPI data for Denmark is published monthly with a relatively short delay, providing timely information to policymakers and analysts.
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Citation
U.S. Federal Reserve, Consumer Price Index: All Items: Total for Denmark (CPALTT01DKM657N), retrieved from FRED.