Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Overall Index Excluding Energy, Food, Alcohol and Tobacco for Denmark
DNKCPHPLA01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.60
Year-over-Year Change
0.96%
Date Range
1/1/1990 - 3/1/2025
Summary
The Consumer Price Index (CPI) Excluding Energy, Food, Alcohol and Tobacco for Denmark measures the changes in prices for a broad basket of consumer goods and services, excluding volatile energy, food, alcohol and tobacco categories.
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 CPI index is a key indicator of underlying domestic inflationary pressures in the Danish economy. It provides insights into broader price trends, excluding the impact of fluctuations in energy and food costs, which can distort the overall inflation picture.
Methodology
The data is collected through a nationwide survey of consumer purchases and calculated using a weighted average of price changes.
Historical Context
Policymakers and analysts use this index to assess the effectiveness of monetary and fiscal policies in maintaining price stability.
Key Facts
- The base year for this index is 2015.
- It excludes over 20% of the total consumption basket.
- Denmark has maintained low and stable core inflation in recent years.
FAQs
Q: What does this economic trend measure?
A: This index measures the changes in prices for a broad basket of consumer goods and services in Denmark, excluding volatile energy, food, alcohol and tobacco categories.
Q: Why is this trend relevant for users or analysts?
A: This core CPI index provides insights into underlying domestic inflationary pressures, which is crucial for policymakers and analysts assessing the effectiveness of monetary and fiscal policies.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer purchases and calculated using a weighted average of price changes.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the effectiveness of monetary and fiscal policies in maintaining price stability in the Danish economy.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with minimal delays, providing timely insights into core inflationary trends.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Overall Index Excluding Energy, Food, Alcohol and Tobacco for Denmark (DNKCPHPLA01IXOBM), retrieved from FRED.