Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Electricity, Gas and Other Fuels for Denmark
DNKCP040500GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.80
Year-over-Year Change
-92.91%
Date Range
1/1/1967 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Electricity, Gas and Other Fuels in Denmark measures changes in the prices of these household utilities over time. It is a key indicator of inflationary pressures and consumer spending patterns 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
The CPI for Electricity, Gas and Other Fuels is part of the Harmonized Index of Consumer Prices (HICP) framework, which allows for cross-country comparisons of inflation within the European Union. This series provides insights into the cost of living and energy expenditures for Danish households.
Methodology
The data is collected through a nationwide survey of retail prices.
Historical Context
Policymakers and analysts use this CPI component to assess the impact of energy costs on overall inflation and consumer behavior.
Key Facts
- Denmark's CPI for Electricity, Gas and Other Fuels has a base year of 2015.
- This CPI component accounts for approximately 4% of the overall Danish CPI basket.
- Energy prices have a significant impact on Danish household budgets and overall inflation.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Electricity, Gas and Other Fuels in Denmark measures changes in the retail prices of these household utilities over time.
Q: Why is this trend relevant for users or analysts?
A: This CPI component provides important insights into inflationary pressures and the cost of living for Danish households, which is crucial information for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of retail prices for electricity, gas, and other household fuels.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this CPI component to assess the impact of energy costs on overall inflation and consumer behavior, which informs decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The CPI for Electricity, Gas and Other Fuels in Denmark is published monthly with a typical release lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Electricity, Gas and Other Fuels for Denmark (DNKCP040500GYM), retrieved from FRED.