Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Denmark
CPGREN01DKQ659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.66
Year-over-Year Change
-95.07%
Date Range
1/1/1971 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Energy in Denmark tracks changes in the prices of energy-related goods and services, providing insights into the country's energy inflation and consumer purchasing power.
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 Energy in Denmark is a key economic indicator that measures the price changes of various energy components, including electricity, gas, motor fuels, and other household energy sources. It is used to assess the cost of living and the overall inflationary pressures within the Danish economy.
Methodology
The data is collected by Denmark's national statistical agency through surveys of consumer prices and is calculated as a weighted average of energy-related items in the consumer basket.
Historical Context
Policymakers and analysts monitor this trend to gauge the impact of energy costs on Danish households and to inform decisions on energy policy and monetary policy.
Key Facts
- Denmark's CPI for Energy has a base year of 2015.
- Energy accounts for around 10% of the total Danish consumer price index.
- The CPI for Energy is a critical input for the country's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Energy in Denmark tracks changes in the prices of energy-related goods and services, including electricity, gas, motor fuels, and other household energy sources.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Energy is a key indicator of inflationary pressures and the cost of living in Denmark, and it is closely monitored by policymakers and analysts to inform decisions on energy policy and monetary policy.
Q: How is this data collected or calculated?
A: The data is collected by Denmark's national statistical agency through surveys of consumer prices and is calculated as a weighted average of energy-related items in the consumer basket.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the CPI for Energy to assess the impact of energy costs on Danish households and to inform decisions on energy policy and monetary policy, such as adjusting interest rates or energy subsidies.
Q: Are there update delays or limitations?
A: The CPI for Energy data is typically published on a monthly basis, with a short delay to allow for data collection and processing. There may be some limitations in capturing all energy-related price changes, but the data is considered a reliable indicator of energy inflation in Denmark.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Denmark (CPGREN01DKQ659N), retrieved from FRED.