Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Denmark
CPGRLE01DKA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.31
Year-over-Year Change
128.91%
Date Range
1/1/1971 - 1/1/2023
Summary
The Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Denmark measures changes in the general price level of consumer goods and services, excluding food and energy, in Denmark. This trend is a key indicator of inflationary pressures in the Danish economy.
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 tracks the prices of a basket of consumer goods and services, excluding food and energy, to provide a more stable measure of underlying inflation in Denmark. It is used by policymakers, economists, and analysts to assess the overall health of the Danish economy and inform economic decision-making.
Methodology
The data is collected by Statistics Denmark through a monthly survey of consumer prices.
Historical Context
This index is widely followed by the Danish central bank and government to monitor inflation and guide monetary and fiscal policy.
Key Facts
- The base year for this index is 2015.
- Denmark has historically had low and stable inflation rates.
- The index excludes volatile food and energy prices to better reflect underlying price trends.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the general price level of consumer goods and services, excluding food and energy, in Denmark.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of underlying inflationary pressures in the Danish economy, which is used by policymakers, economists, and analysts to assess economic conditions and inform decision-making.
Q: How is this data collected or calculated?
A: The data is collected by Statistics Denmark through a monthly survey of consumer prices.
Q: How is this trend used in economic policy?
A: This index is closely monitored by the Danish central bank and government to guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The index is updated monthly by Statistics Denmark, with some potential for minor delays in data publication.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Denmark (CPGRLE01DKA657N), retrieved from FRED.