Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Denmark
DNKCPHP0100GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.00
Year-over-Year Change
-725.00%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Denmark measures changes in prices paid by consumers for these essential household items. This metric is a key indicator of inflation and cost-of-living trends.
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 Food and Non-Alcoholic Beverages CPI tracks the prices of a representative basket of food and drink products that Danish households typically purchase. It is an important economic indicator used by policymakers, analysts, and the public to assess inflationary pressures and the purchasing power of consumers.
Methodology
The Danish statistical agency collects price data from a sample of retail outlets to calculate this monthly CPI index.
Historical Context
The Food and Non-Alcoholic Beverages CPI is widely monitored as it can inform monetary and fiscal policy decisions that impact consumer welfare.
Key Facts
- The CPI for Food and Non-Alcoholic Beverages accounts for about 15% of the total Danish CPI basket.
- This index has risen by an average of 2.5% annually over the past decade.
- Rapid increases in this CPI can signal challenges for consumer purchasing power.
FAQs
Q: What does this economic trend measure?
A: The Food and Non-Alcoholic Beverages CPI for Denmark tracks changes in the retail prices of food, drink, and related household items purchased by consumers.
Q: Why is this trend relevant for users or analysts?
A: This CPI is a crucial indicator of inflationary pressures and consumer cost-of-living that can inform economic policymaking and business decisions.
Q: How is this data collected or calculated?
A: The Danish statistical agency collects price data from a sample of retail outlets to calculate this monthly CPI index.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor the Food and Non-Alcoholic Beverages CPI as it can signal the need for adjustments to monetary or fiscal policies.
Q: Are there update delays or limitations?
A: The data for this CPI index is published monthly with a typical 2-week lag, providing timely information on cost-of-living trends.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Denmark (DNKCPHP0100GYM), retrieved from FRED.