Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Denmark
Number, Monthly level, Monthly, Not Seasonally Adjusted
DNKODCNPI03MLM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,679.00
Year-over-Year Change
-24.54%
Date Range
1/1/1960 - 9/1/2023
Summary
This economic trend measures the monthly level of consumer price inflation in Denmark, providing insight into the cost of living and purchasing power in the country.
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 Danish Consumer Price Index (DNKODCNPI03MLM) tracks changes in the prices of a representative basket of consumer goods and services in Denmark. It is a key indicator used by policymakers, businesses, and consumers to understand inflationary pressures and make informed economic decisions.
Methodology
The data is collected through surveys of retailers and service providers across Denmark.
Historical Context
The Danish CPI is closely monitored by the Central Bank of Denmark and other institutions to guide monetary policy and economic forecasting.
Key Facts
- Denmark has a population of over 5.8 million people.
- The Danish economy is highly developed and export-oriented.
- Inflation in Denmark has remained relatively low and stable in recent years.
FAQs
Q: What does this economic trend measure?
A: The Danish Consumer Price Index (DNKODCNPI03MLM) measures the monthly level of consumer price inflation in Denmark, tracking changes in the prices of a representative basket of consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: The Danish CPI is a crucial indicator for understanding the cost of living and purchasing power in Denmark, and is closely monitored by policymakers, businesses, and consumers to guide economic decision-making.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers and service providers across Denmark.
Q: How is this trend used in economic policy?
A: The Danish CPI is closely monitored by the Central Bank of Denmark and other institutions to guide monetary policy and economic forecasting.
Q: Are there update delays or limitations?
A: The Danish CPI data is released on a monthly basis, with minimal update delays. However, as with any economic indicator, there may be limitations in fully capturing the complexities of the Danish economy.
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Citation
U.S. Federal Reserve, Danish Consumer Price Index (DNKODCNPI03MLM), retrieved from FRED.