Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing for Denmark
Growth rate same period previous year
DNKCPGRHO01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.06
Year-over-Year Change
3.65%
Date Range
1/1/1982 - 1/1/2025
Summary
The 'Growth rate same period previous year' measures the year-over-year change in Denmark's consumer prices. This key inflation indicator is closely watched by policymakers and analysts to assess the state of the Danish economy.
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
This series represents the annual percent change in Denmark's consumer price index, which tracks the prices of a basket of consumer goods and services. The growth rate compared to the same quarter in the previous year provides insight into inflationary pressures and can inform monetary policy decisions.
Methodology
The data is calculated by Statistics Denmark based on a survey of consumer prices.
Historical Context
Policymakers use this indicator to evaluate the effectiveness of monetary policy and determine appropriate adjustments.
Key Facts
- Denmark's consumer prices grew 7.4% in Q3 2022 compared to Q3 2021.
- Inflation has exceeded the Danish central bank's 2% target since early 2022.
- The growth rate peaked at 8.1% in Q4 2022, the highest level in over 40 years.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year' measures the annual percent change in Denmark's consumer price index, a key indicator of inflation.
Q: Why is this trend relevant for users or analysts?
A: This inflation metric is closely watched by policymakers and economists to assess the state of the Danish economy and inform monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by Statistics Denmark based on a survey of consumer prices.
Q: How is this trend used in economic policy?
A: Policymakers use this indicator to evaluate the effectiveness of monetary policy and determine appropriate adjustments to maintain price stability.
Q: Are there update delays or limitations?
A: The data is released quarterly with a short delay, providing timely insight into Denmark's inflationary pressures.
Related Trends
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LFEAINTTDKA647N
Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 74 Years for Denmark
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Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Labor Productivity: Total for Denmark
ULQELP01DKQ657S
Gross Portfolio Debt Liabilities to GDP for Denmark
DDDM10DKA156NWDB
Composite Leading Indicators: Composite Consumer Confidence Amplitude Adjusted for Denmark
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Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels for Denmark
DNKCP040000IXOBM
Citation
U.S. Federal Reserve, Growth rate same period previous year (DNKCPGRHO01GYQ), retrieved from FRED.