Work Started: Construction: Dwellings and Residential Buildings: Total for Denmark
Annual, Not Seasonally Adjusted
WSCNDW01DKA489N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,773.25
Year-over-Year Change
106.56%
Date Range
1/1/1960 - 1/1/2022
Summary
This annual, not seasonally adjusted economic indicator measures the percent change in the cost of consumer goods and services over a one-year period. It is a key metric for assessing inflation and cost-of-living trends.
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 Annual, Not Seasonally Adjusted series tracks the year-over-year percent change in the Consumer Price Index (CPI), a widely followed measure of inflation. Economists and policymakers use this data to analyze price stability and consumer purchasing power.
Methodology
The U.S. Bureau of Labor Statistics collects price data from households and businesses to calculate the CPI, the basis for this annual inflation rate.
Historical Context
Inflation trends impact consumer spending, monetary policy decisions, and overall economic conditions.
Key Facts
- The current annual inflation rate is 8.2%.
- Inflation erodes consumer purchasing power.
- The Federal Reserve aims for 2% annual inflation.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year percent change in the Consumer Price Index (CPI), a key gauge of inflation and consumer price levels.
Q: Why is this trend relevant for users or analysts?
A: Inflation trends have broad impacts on consumer spending, monetary policy, and overall economic conditions, making this a crucial metric for economists, policymakers, and the general public.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects price data from households and businesses to calculate the CPI, which is the basis for this annual inflation rate.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely monitors inflation measures like this one to inform monetary policy decisions aimed at maintaining price stability and supporting maximum employment.
Q: Are there update delays or limitations?
A: This annual, not seasonally adjusted inflation rate is published monthly with a brief delay, providing a timely snapshot of price changes over the prior 12-month period.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (WSCNDW01DKA489N), retrieved from FRED.