Consumer Price Index: OECD Groups: Services: Total for Denmark
DNKCPGRSE01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
2/1/2000 - 12/1/2023
Summary
The Consumer Price Index: OECD Groups: Services: Total for Denmark measures inflation in the services sector of the Danish economy. As a key economic indicator, it provides insights into consumer spending patterns and price dynamics.
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 index tracks changes in the prices of a comprehensive basket of consumer services in Denmark. It is a valuable tool for economists and policymakers to monitor inflationary pressures and make informed decisions about monetary and fiscal policies.
Methodology
The data is collected through surveys of consumer prices and then aggregated to calculate the overall services price index.
Historical Context
The services CPI is used to assess the health of the Danish economy and inform policy interventions to manage inflation.
Key Facts
- The services CPI accounts for around 60% of the total CPI in Denmark.
- Denmark has historically maintained low and stable inflation rates compared to other European countries.
- The services sector makes up a significant portion of the Danish economy, contributing over 70% of GDP.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: OECD Groups: Services: Total for Denmark measures the change in prices of consumer services in the Danish economy.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into inflationary pressures and consumer spending patterns in the critical services sector of the Danish economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices and then aggregated to calculate the overall services price index.
Q: How is this trend used in economic policy?
A: The services CPI is used by economists and policymakers to assess the health of the Danish economy and inform decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published monthly by the OECD, and there may be a delay of several weeks between the reference period and the publication of the index.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Services: Total for Denmark (DNKCPGRSE01GPM), retrieved from FRED.