Inflation, consumer prices for Denmark
FPCPITOTLZGDNK • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.37
Year-over-Year Change
-42.78%
Date Range
1/1/1960 - 1/1/2024
Summary
This series measures the rate of inflation in consumer prices for Denmark. It is a key economic indicator used to track the overall cost of living and assess monetary 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 (CPI) for Denmark is a measure of the average change in prices paid by consumers for a basket of goods and services. It is a widely used indicator of inflation and an important input for economic decision-making.
Methodology
The data is collected through surveys of household expenditures and calculated using a Laspeyres formula.
Historical Context
Policymakers and analysts monitor Denmark's CPI to evaluate the effectiveness of the country's monetary and fiscal policies.
Key Facts
- Denmark's CPI is published monthly by Statistics Denmark.
- The base year for the index is 2015 = 100.
- Inflation in Denmark has generally remained low in recent years.
FAQs
Q: What does this economic trend measure?
A: This economic trend measures the rate of inflation in consumer prices for Denmark. It tracks the average change in prices paid by consumers for a basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: Denmark's consumer price index is a key indicator of inflation and an important input for economic decision-making by policymakers, businesses, and households.
Q: How is this data collected or calculated?
A: The data is collected through surveys of household expenditures and calculated using a Laspeyres formula.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor Denmark's CPI to evaluate the effectiveness of the country's monetary and fiscal policies in maintaining price stability.
Q: Are there update delays or limitations?
A: The CPI data for Denmark is published monthly with a short delay by Statistics Denmark.
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Citation
U.S. Federal Reserve, Inflation, consumer prices for Denmark (FPCPITOTLZGDNK), retrieved from FRED.