Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Denmark
DNKCPHPEN01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
134.00
Year-over-Year Change
-0.45%
Date Range
1/1/1996 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Energy in Denmark tracks changes in the prices paid by consumers for a basket of energy-related goods and services. This key economic indicator provides insights into inflationary pressures and consumer purchasing power.
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 Energy in Denmark is a subcomponent of the broader Consumer Price Index, which measures the average change in prices paid by consumers for a representative basket of goods and services. The Energy CPI specifically focuses on tracking price movements for energy-related items like electricity, gas, and motor fuels.
Methodology
The data is collected by Statistics Denmark through surveys of retail establishments and households.
Historical Context
The Energy CPI is used by policymakers, economists, and market analysts to assess the impact of energy price fluctuations on overall inflation and consumer spending.
Key Facts
- Denmark's Energy CPI has a base year of 2015.
- Energy accounts for approximately 10% of the total Danish CPI basket.
- The Energy CPI is published monthly by Statistics Denmark.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Energy in Denmark tracks changes in the prices paid by consumers for a basket of energy-related goods and services, including electricity, gas, and motor fuels.
Q: Why is this trend relevant for users or analysts?
A: The Energy CPI provides important insights into inflationary pressures and the impact of energy price fluctuations on consumer purchasing power, which is crucial for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by Statistics Denmark through surveys of retail establishments and households.
Q: How is this trend used in economic policy?
A: The Energy CPI is used by policymakers, economists, and market analysts to assess the impact of energy price changes on overall inflation and consumer spending, which informs economic policies and market decisions.
Q: Are there update delays or limitations?
A: The Energy CPI is published monthly by Statistics Denmark with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Denmark (DNKCPHPEN01IXOBM), retrieved from FRED.