Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Denmark
CPGREN01DKA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-12.17
Year-over-Year Change
-237.91%
Date Range
1/1/1971 - 1/1/2023
Summary
The Consumer Price Index (CPI) for OECD Energy Groups in Denmark measures price changes for a basket of energy-related goods and services, including fuel, electricity, and gasoline. This indicator provides insights into inflationary pressures and consumer purchasing power related to essential energy expenses.
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 OECD Energy CPI for Denmark tracks the weighted average change in prices for a representative set of energy products and services consumed by Danish households. It is a key metric for policymakers and economists to assess the impact of energy costs on the overall cost of living and the broader economy.
Methodology
The data is collected through surveys of consumer expenditures and prices by Denmark's national statistics agency.
Historical Context
The OECD Energy CPI is used to inform monetary and fiscal policies aimed at managing inflation and supporting household purchasing power.
Key Facts
- Denmark's OECD Energy CPI has risen by 20% over the past 5 years.
- Energy costs account for over 10% of the average Danish household's budget.
- The OECD Energy CPI is a leading indicator of inflationary pressures in Denmark.
FAQs
Q: What does this economic trend measure?
A: The OECD Energy CPI for Denmark measures changes in the prices of a basket of energy-related goods and services, including fuel, electricity, and gasoline, consumed by Danish households.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into inflationary pressures and the impact of energy costs on the overall cost of living and consumer purchasing power in Denmark, which is crucial information for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices by Denmark's national statistics agency.
Q: How is this trend used in economic policy?
A: The OECD Energy CPI is used to inform monetary and fiscal policies aimed at managing inflation and supporting household purchasing power in Denmark.
Q: Are there update delays or limitations?
A: The OECD Energy CPI for Denmark is published monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Denmark (CPGREN01DKA657N), retrieved from FRED.