Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Denmark
CPGRLE01DKM657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.12
Year-over-Year Change
-135.53%
Date Range
2/1/1970 - 12/1/2023
Summary
The Consumer Price Index (OECD Groups: All Items Non-Food Non-Energy: Total) for Denmark measures changes in the prices of goods and services excluding food and energy. This indicator provides important insights into underlying 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
The CPI (OECD Groups: All Items Non-Food Non-Energy: Total) for Denmark is a key economic indicator that tracks the cost of living for consumers, excluding the volatile food and energy sectors. Economists and policymakers closely monitor this measure to assess broader price trends and make informed decisions.
Methodology
The data is collected through a nationwide survey of consumer purchases and calculated using a fixed-basket approach.
Historical Context
Trends in this CPI measure are used to inform monetary policy, guide investment decisions, and assess the overall health of the Danish economy.
Key Facts
- Denmark's CPI (OECD Groups: All Items Non-Food Non-Energy: Total) has averaged 103.7 over the past 10 years.
- This index reached its highest level of 105.3 in June 2022.
- The index provides a broad measure of price changes, excluding volatile food and energy sectors.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (OECD Groups: All Items Non-Food Non-Energy: Total) for Denmark measures changes in the prices of goods and services, excluding food and energy, that Danish consumers purchase.
Q: Why is this trend relevant for users or analysts?
A: This CPI measure provides important insights into underlying inflationary pressures in the Danish economy, which is crucial for policymakers, investors, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer purchases and calculated using a fixed-basket approach.
Q: How is this trend used in economic policy?
A: Trends in this CPI measure are used to inform monetary policy, guide investment decisions, and assess the overall health of the Danish economy.
Q: Are there update delays or limitations?
A: The data is typically released with a short lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Denmark (CPGRLE01DKM657N), retrieved from FRED.