Consumer Price Index: Total Food Excluding Restaurants for Denmark
CPGDFD02DKM657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
1/1/1967 - 5/1/2018
Summary
The Consumer Price Index: Total Food Excluding Restaurants for Denmark measures changes in the prices of food items purchased for consumption at home by Danish consumers, excluding meals eaten at restaurants.
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
This index is a key indicator of inflationary pressures in the Danish food market, providing insights into the cost of living and household purchasing power. It is widely used by economists, policymakers, and market analysts to assess the overall state of the Danish economy.
Methodology
The data is collected through regular surveys of retail prices for a representative basket of food items.
Historical Context
The index is referenced by the Danish central bank and government in setting monetary and fiscal policies.
Key Facts
- The index has a base year of 2015.
- Food accounts for approximately 12% of the Danish consumer price basket.
- Prices are collected from a sample of 25,000 retail outlets across Denmark.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Total Food Excluding Restaurants for Denmark measures changes in the prices of food items purchased for consumption at home by Danish consumers, excluding meals eaten at restaurants.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures in the Danish food market, providing insights into the cost of living and household purchasing power. It is widely used by economists, policymakers, and market analysts to assess the overall state of the Danish economy.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of retail prices for a representative basket of food items.
Q: How is this trend used in economic policy?
A: The index is referenced by the Danish central bank and government in setting monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical release lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Total Food Excluding Restaurants for Denmark (CPGDFD02DKM657N), retrieved from FRED.