Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels: Total for Denmark
DNKCP040500GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.56
Year-over-Year Change
-110.72%
Date Range
1/1/1967 - 12/1/2023
Summary
The Consumer Price Index for Housing, Water, Electricity, Gas and Other Fuels in Denmark measures changes in the prices paid by consumers for electricity, gas, and other household energy costs. This index is a key indicator of inflation and cost of living trends in the country.
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 Consumer Price Index (CPI) series tracks the prices of electricity, gas, and other household fuels in Denmark. It is part of the broader Housing, Water, Electricity, Gas and Other Fuels category of the CPI, which accounts for a significant portion of most household budgets. Economists and policymakers use this index to assess inflationary pressures and the affordability of energy costs.
Methodology
The data is collected through surveys of consumer prices by Statistics Denmark.
Historical Context
This energy-focused CPI series is used to inform monetary and fiscal policies aimed at managing inflation in Denmark.
Key Facts
- Denmark CPI for energy costs rose 6.2% in 2022.
- Electricity prices account for the largest share of this CPI component.
- Household energy costs make up around 5% of the total Danish CPI basket.
FAQs
Q: What does this economic trend measure?
A: This economic trend measures changes in the prices paid by consumers in Denmark for electricity, gas, and other household energy costs as part of the overall Consumer Price Index.
Q: Why is this trend relevant for users or analysts?
A: This energy-focused CPI trend is a key indicator of inflationary pressures and the affordability of household energy costs in Denmark, which is relevant for policymakers, economists, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys conducted by Statistics Denmark.
Q: How is this trend used in economic policy?
A: This CPI series is used by the Danish government and central bank to inform monetary and fiscal policies aimed at managing inflation and the cost of living in the country.
Q: Are there update delays or limitations?
A: The data is published monthly with no significant update delays, providing timely information on energy price trends in Denmark.
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Citation
U.S. Federal Reserve, Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels: Total for Denmark (DNKCP040500GPM), retrieved from FRED.