Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Denmark
Index 2015=100, Annual
DNKCPICORAINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.94
Year-over-Year Change
19.61%
Date Range
1/1/1970 - 1/1/2024
Summary
The Index 2015=100, Annual trend measures the annual inflation rate in Denmark, providing key insights into the country's price stability and macroeconomic conditions.
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 economic indicator tracks the annual change in the consumer price index (CPI) in Denmark, which is a widely used measure of inflation. It is a crucial metric for policymakers, businesses, and consumers to understand the purchasing power of the Danish krone and make informed decisions.
Methodology
The data is collected by Statistics Denmark through surveys of consumer prices across a representative basket of goods and services.
Historical Context
The Index 2015=100, Annual trend is closely monitored by the Danish central bank and other economic institutions to guide monetary policy and assess the overall health of the Danish economy.
Key Facts
- Denmark's annual inflation rate in 2022 was 7.5%.
- The Index 2015=100 base year is used to track price changes over time.
- Stable inflation is a key goal of the Danish central bank's monetary policy.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Annual trend measures the annual change in the consumer price index (CPI) in Denmark, which is a widely used indicator of inflation.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into Denmark's price stability and the purchasing power of the Danish krone, which is crucial information for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is collected by Statistics Denmark through surveys of consumer prices across a representative basket of goods and services.
Q: How is this trend used in economic policy?
A: The Index 2015=100, Annual trend is closely monitored by the Danish central bank and other economic institutions to guide monetary policy and assess the overall health of the Danish economy.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, Index 2015=100, Annual (DNKCPICORAINMEI), retrieved from FRED.