Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Denmark
CPGRLE01DKM659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.40
Year-over-Year Change
-9.67%
Date Range
1/1/1971 - 4/1/2025
Summary
The Consumer Price Index: All Items Non-Food Non-Energy for Denmark is a key measure of inflation, excluding volatile food and energy prices. It provides insights into the underlying price trends 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 changes in prices for a basket of consumer goods and services in Denmark, excluding food and energy items. It is an important indicator used by policymakers and economists to assess the overall cost of living and underlying inflationary pressures.
Methodology
The data is collected by Statistics Denmark through surveys of retail prices.
Historical Context
The index is closely monitored by the Danish central bank and government to inform monetary and fiscal policy decisions.
Key Facts
- Denmark's non-food, non-energy CPI has risen by an average of 1.5% annually over the past decade.
- The index reached a record high in 2022 amid global inflationary pressures.
- The Danish central bank uses this measure to help set interest rates and manage price stability.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: All Items Non-Food Non-Energy for Denmark measures the changes in prices for a basket of consumer goods and services, excluding volatile food and energy items.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into the underlying inflationary pressures in the Danish economy, which is crucial information for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is collected by Statistics Denmark through surveys of retail prices across the country.
Q: How is this trend used in economic policy?
A: The Danish central bank and government closely monitor this index to inform monetary and fiscal policy decisions, as it is an important indicator of the overall cost of living and inflationary pressures in the economy.
Q: Are there update delays or limitations?
A: The index is published monthly by Statistics Denmark with a typical delay of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Denmark (CPGRLE01DKM659N), retrieved from FRED.