Consumer Price Index: Harmonized Prices: Food and Non-Alcoholic Beverages (COICOP 01): Total for Denmark
DNKCPHP0100IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.40
Year-over-Year Change
3.16%
Date Range
1/1/1996 - 11/1/2023
Summary
The Consumer Price Index (CPI) for Harmonized Prices: Food and Non-Alcoholic Beverages in Denmark measures the cost of these essential household goods over time. This metric is crucial for tracking changes in the domestic cost of living and informing economic policymaking.
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 for Harmonized Prices: Food and Non-Alcoholic Beverages in Denmark is a key indicator of consumer inflation. It tracks the prices of a representative basket of food and non-alcoholic beverage items, providing insight into changes in the purchasing power of Danish households.
Methodology
The data is collected through regular surveys of retailers and service providers across Denmark.
Historical Context
Policymakers and analysts monitor this CPI component to assess pressures on Danish consumer spending and inform decisions on monetary and fiscal policies.
Key Facts
- The CPI for food and non-alcoholic beverages accounts for over 15% of the total Danish CPI basket.
- Denmark's food and non-alcoholic beverage CPI has risen by an average of 2.1% annually over the past decade.
- Fluctuations in this CPI component can significantly impact household budgets and consumer confidence in Denmark.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Harmonized Prices: Food and Non-Alcoholic Beverages in Denmark tracks the changes in retail prices for a basket of essential food and beverage items.
Q: Why is this trend relevant for users or analysts?
A: This CPI component is a crucial indicator of domestic inflation and consumer purchasing power, informing policymaking and economic analysis in Denmark.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of retailers and service providers across Denmark.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this CPI component to assess pressures on Danish consumer spending and inform decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis, with a short lag period to allow for collection and processing.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Food and Non-Alcoholic Beverages (COICOP 01): Total for Denmark (DNKCPHP0100IXEBM), retrieved from FRED.