Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Denmark
DNKCPALTT01CTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.59
Year-over-Year Change
125.06%
Date Range
1/1/2010 - 4/1/2025
Summary
The Consumer Price Index (CPI) measures changes in the average price level of consumer goods and services purchased by households in Denmark. It is a key indicator of inflation and an important metric for economic policymakers.
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 Denmark tracks the cost of a representative basket of consumer items, including food, housing, transportation, and other common expenditures. It is used to adjust wages, rents, and social benefits, and to inform monetary and fiscal policy decisions.
Methodology
The data is collected through surveys of consumers and retailers, and calculated using a fixed-weight index formula.
Historical Context
The CPI is closely monitored by the Central Bank of Denmark and other policymakers to gauge the state of the Danish economy.
Key Facts
- The CPI in Denmark is published monthly by Statistics Denmark.
- The base year for the current CPI series is 2015.
- Denmark has had relatively low and stable inflation in recent decades.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Denmark measures changes in the average price level of a basket of consumer goods and services purchased by households.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a key indicator of inflation in the Danish economy and is closely monitored by policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumers and retailers, and calculated using a fixed-weight index formula.
Q: How is this trend used in economic policy?
A: The CPI is used by the Central Bank of Denmark and other policymakers to inform monetary and fiscal policy decisions, as well as to adjust wages, rents, and social benefits.
Q: Are there update delays or limitations?
A: The CPI for Denmark is published monthly by Statistics Denmark with minimal delays.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Denmark (DNKCPALTT01CTGYM), retrieved from FRED.