Consumer Price Index: Harmonized Prices: Energy: Total for Denmark
DNKCPHPEN01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.80
Year-over-Year Change
-90.48%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Energy: Total for Denmark measures changes in the prices of energy-related goods and services in Denmark. This metric is crucial for understanding inflationary pressures and guiding economic policy.
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 Consumer Price Index: Harmonized Prices: Energy: Total for Denmark is a key indicator of price movements in the energy sector, which has significant impacts on the broader Danish economy. It is used by policymakers, analysts, and businesses to assess energy-driven inflation and make informed decisions.
Methodology
This index is calculated by the Statistical Office of the European Communities based on a representative basket of energy products and services.
Historical Context
The energy CPI is a crucial input for the European Central Bank's monetary policy decisions and assessments of price stability within the Eurozone.
Key Facts
- Denmark's energy CPI has increased by 20% over the past 5 years.
- Energy accounts for approximately 10% of the total Danish CPI basket.
- The energy CPI is a key input for the European Central Bank's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Harmonized Prices: Energy: Total for Denmark measures changes in the prices of energy-related goods and services in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding inflationary pressures driven by the energy sector, which has significant impacts on the broader Danish economy. It informs policymaking and business decisions.
Q: How is this data collected or calculated?
A: This index is calculated by the Statistical Office of the European Communities based on a representative basket of energy products and services.
Q: How is this trend used in economic policy?
A: The energy CPI is a crucial input for the European Central Bank's monetary policy decisions and assessments of price stability within the Eurozone.
Q: Are there update delays or limitations?
A: The energy CPI data is published monthly with a typical 1-2 month lag.
Related Trends
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Energy: Total for Denmark (DNKCPHPEN01GPM), retrieved from FRED.