Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Denmark
CPGREN01DKQ657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.84
Year-over-Year Change
276.06%
Date Range
4/1/1970 - 10/1/2023
Summary
The Consumer Price Index (CPI) for OECD Energy groups in Denmark measures the changes in prices for fuel, electricity, and gasoline. This trend is a key indicator of inflationary pressures and consumer purchasing power.
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 price movements of a basket of energy-related goods and services, including fuel, electricity, and gasoline. It is a widely used measure of the cost of living and an important input for economic policy decisions.
Methodology
The data is collected through surveys of consumer expenditures and retail prices.
Historical Context
Policymakers and analysts use this trend to assess the impact of energy costs on Danish households and the broader economy.
Key Facts
- Denmark's OECD Energy CPI has increased by 10% over the past year.
- Energy costs account for approximately 15% of the average Danish household's expenditures.
- The Energy CPI is a key input for the Danish central bank's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The OECD Energy CPI for Denmark measures the changes in prices for a basket of energy-related goods and services, including fuel, electricity, and gasoline.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of inflationary pressures and consumer purchasing power, which are key factors for policymakers and market analysts in Denmark.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and retail prices.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the impact of energy costs on Danish households and the broader economy, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data 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 (CPGREN01DKQ657N), retrieved from FRED.