Producer Prices Index: Economic Activities: Energy: Total for Denmark
DNKPIEAEN01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59.01
Year-over-Year Change
-463.72%
Date Range
1/1/2001 - 10/1/2022
Summary
The Producer Prices Index: Economic Activities: Energy: Total for Denmark measures changes in the average prices received by domestic producers of energy products in Denmark. It is a key indicator of inflationary pressures and industrial activity.
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 Producer Prices Index for Energy in Denmark tracks the wholesale prices of energy commodities, including electricity, gas, and refined petroleum products. This metric is used by economists and policymakers to assess the impact of energy costs on business operations and consumer prices.
Methodology
The data is collected through monthly surveys of Danish energy producers and compiled by Statistics Denmark.
Historical Context
This index is closely monitored by the Danish central bank and government to inform monetary and fiscal policy decisions.
Key Facts
- Energy accounts for over 10% of Denmark's producer price index.
- Prices peaked in 2022 due to the Russia-Ukraine conflict.
- The index is published monthly with a short lag.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index for Energy in Denmark tracks the wholesale prices received by domestic energy producers, including electricity, gas, and refined petroleum products.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures and industrial activity in Denmark, providing insights into the costs facing businesses and the potential impact on consumer prices.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of Danish energy producers and compiled by Statistics Denmark.
Q: How is this trend used in economic policy?
A: The Danish central bank and government closely monitor this index to inform monetary and fiscal policy decisions, as energy costs have a significant impact on the broader economy.
Q: Are there update delays or limitations?
A: The index is published monthly with a short lag, providing timely data on energy price trends in Denmark.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic Activities: Energy: Total for Denmark (DNKPIEAEN01GYQ), retrieved from FRED.