Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services Less Housing for Denmark
Index 2015=100, Monthly
DNKCPGRLH01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128.77
Year-over-Year Change
3.17%
Date Range
1/1/1967 - 4/1/2025
Summary
The 'Index 2015=100, Monthly' series measures the monthly changes in consumer prices in Denmark. This broad economic indicator is crucial for policymakers to monitor inflation and adjust monetary policy accordingly.
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) tracks the weighted average change in prices paid by Danish consumers for a basket of goods and services. It is a key metric used to assess the purchasing power of the Danish kroner and the overall health of the Danish economy.
Methodology
The data is collected through surveys of retail establishments and households across Denmark.
Historical Context
Central banks and economic analysts closely monitor CPI trends to guide interest rate decisions and other macroeconomic policies.
Key Facts
- The base year for this index is 2015.
- Denmark's CPI rose 5.4% year-over-year in January 2023.
- The CPI is published monthly by Statistics Denmark.
FAQs
Q: What does this economic trend measure?
A: This series measures the monthly changes in consumer prices in Denmark. It tracks the weighted average change in prices paid by Danish consumers for a basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: The consumer price index is a crucial economic indicator used by policymakers, central banks, and analysts to monitor inflation and assess the purchasing power of the Danish kroner.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and households across Denmark.
Q: How is this trend used in economic policy?
A: Central banks and economic analysts closely monitor CPI trends to guide interest rate decisions and other macroeconomic policies aimed at maintaining price stability and economic growth.
Q: Are there update delays or limitations?
A: The CPI data is published monthly by Statistics Denmark with no significant update delays.
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Citation
U.S. Federal Reserve, Index 2015=100, Monthly (DNKCPGRLH01IXOBM), retrieved from FRED.