Price Level of Consumption for Denmark
PLOCONDKA622NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
152.58
Year-over-Year Change
15.68%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of Consumption for Denmark is an economic indicator that measures the cost of consumer goods and services in the country. It is an important metric for understanding the purchasing power and standard of living of Danish households.
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 Price Level of Consumption for Denmark is an index that represents the relative cost of a basket of consumer goods and services in the country compared to the global average. It is used by economists and policymakers to assess the affordability of living in Denmark and make comparisons to other economies.
Methodology
The data is calculated based on surveys of consumer expenditures and prices collected by Statistics Denmark.
Historical Context
This indicator provides context for Denmark's economic performance and can inform decisions around monetary and fiscal policies.
Key Facts
- Denmark has one of the highest price levels for consumer goods in Europe.
- The Price Level of Consumption in Denmark is approximately 40% above the global average.
- Rising price levels can impact the standard of living and competitiveness of the Danish economy.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Consumption for Denmark measures the relative cost of consumer goods and services in the country compared to the global average.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into the affordability of living in Denmark and can inform economic policies and business strategies.
Q: How is this data collected or calculated?
A: The data is calculated by Statistics Denmark based on surveys of consumer expenditures and prices.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess the competitiveness and purchasing power of the Danish economy, which can inform decisions around monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published regularly by Statistics Denmark, but there may be some delays in reporting due to the time required to collect and analyze the survey information.
Related Trends
Price Level of Consumption for Luxembourg
PLOCONLUA622NUPN
Price Level of GDP, average of GEKS-CPDW for Yemen
PL2GDPYEA621NUPN
Price Level of Investment for Djibouti
PLOINVDJA624NUPN
Price Level of GDP, G-K method for New Zealand
PLOGDPNZA621NUPN
Price Level of GDP, average of GEKS-CPDW for Senegal
PL2GDPSNA621NUPN
Price Level of GDP, G-K method for Syria
PLOGDPSYA621NUPN
Citation
U.S. Federal Reserve, Price Level of Consumption for Denmark (PLOCONDKA622NUPN), retrieved from FRED.