Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Electricity, Gas and Other Fuels for Denmark
Growth rate same period previous year, Quarterly
DNKCP040500GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.44
Year-over-Year Change
-96.05%
Date Range
1/1/1967 - 1/1/2025
Summary
This economic trend measures the year-over-year growth rate of household consumption expenditure in Denmark on a quarterly basis. It is a key indicator of consumer demand and economic performance.
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 growth rate same period previous year, Quarterly metric tracks the percent change in household spending compared to the same quarter in the prior year. This provides insight into the momentum and trajectory of private consumption, a crucial component of GDP.
Methodology
The data is calculated based on quarterly household consumption expenditure surveys conducted by Statistics Denmark.
Historical Context
Policymakers and analysts use this indicator to assess the health of the Danish economy and consumer market.
Key Facts
- Denmark's Q4 2022 consumption growth rate was 3.4%.
- Household spending accounts for over 50% of Denmark's GDP.
- Consumer demand has been a key driver of the Danish economy's recovery.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in household consumption expenditure in Denmark on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the momentum and trajectory of private consumption, a crucial component of GDP, which is important for assessing the health of the Danish economy.
Q: How is this data collected or calculated?
A: The data is calculated based on quarterly household consumption expenditure surveys conducted by Statistics Denmark.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the strength of consumer demand and the overall performance of the Danish economy.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a typical delay of 2-3 months.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (DNKCP040500GYQ), retrieved from FRED.