Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Denmark
Quarterly
DNKCP100000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.68
Year-over-Year Change
67.80%
Date Range
1/1/2001 - 1/1/2025
Summary
This economic trend measures the quarterly change in Denmark's Consumer Price Index (CPI), a key indicator of inflation and consumer purchasing power in the country.
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 CPI tracks the average change in prices paid by consumers for a market basket of consumer goods and services. It is a widely-used metric for monitoring inflation and guiding monetary policy decisions.
Methodology
The data is collected through a survey of households and businesses by Statistics Denmark.
Historical Context
Policymakers and analysts use this CPI data to assess the overall price environment and make informed decisions about economic and monetary policy.
Key Facts
- Denmark's CPI rose 0.6% in Q4 2022 compared to the previous quarter.
- Inflation in Denmark reached a high of 7.4% in November 2022.
- The Danish central bank has raised interest rates to combat rising inflation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly change in Denmark's Consumer Price Index (CPI), a key indicator of inflation and consumer purchasing power.
Q: Why is this trend relevant for users or analysts?
A: CPI data is crucial for monitoring inflation and guiding monetary policy decisions in Denmark and other countries.
Q: How is this data collected or calculated?
A: The data is collected through a survey of households and businesses by Statistics Denmark.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this CPI data to assess the overall price environment and make informed decisions about economic and monetary policy.
Q: Are there update delays or limitations?
A: The CPI data is released quarterly with a short lag, providing timely information on Denmark's inflationary trends.
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Citation
U.S. Federal Reserve, Quarterly Denmark CPI (DNKCP100000GYQ), retrieved from FRED.