Consumer Price Index: Food for Denmark
Annual
DNKCPIFODAINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.23
Year-over-Year Change
29.92%
Date Range
1/1/1967 - 1/1/2017
Summary
The Annual Consumer Price Index for Denmark measures the overall change in consumer prices over a 12-month period. It is a key indicator of inflation and a critical metric for policymakers and economists.
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 Annual Consumer Price Index for Denmark tracks the change in the cost of a representative basket of goods and services purchased by Danish households. It is a widely-used benchmark for assessing the country's economic performance and purchasing power.
Methodology
The index is calculated based on a survey of consumer expenditures and price changes across a variety of sectors.
Historical Context
The Annual CPI is a crucial input for the Central Bank of Denmark's monetary policy decisions.
Key Facts
- Denmark's Annual CPI reached a high of 7.4% in 2022.
- The index is published monthly by Statistics Denmark.
- CPI data is a key input for the central bank's interest rate policy.
FAQs
Q: What does this economic trend measure?
A: The Annual Consumer Price Index for Denmark measures the overall change in consumer prices over a 12-month period, serving as a benchmark for inflation in the country.
Q: Why is this trend relevant for users or analysts?
A: The Annual CPI is a critical metric for assessing the state of the Danish economy, as it directly impacts consumer purchasing power and informs policymakers' decisions on monetary policy.
Q: How is this data collected or calculated?
A: The index is calculated based on a survey of consumer expenditures and price changes across a variety of sectors in Denmark.
Q: How is this trend used in economic policy?
A: The Annual CPI is a crucial input for the Central Bank of Denmark's monetary policy decisions, as it helps the bank monitor and manage inflation levels in the country.
Q: Are there update delays or limitations?
A: The Annual CPI data is published monthly by Statistics Denmark, with a typical release lag of around 2-3 weeks.
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Citation
U.S. Federal Reserve, Annual Consumer Price Index for Denmark (DNKCPIFODAINMEI), retrieved from FRED.