Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Denmark
Monthly
DNKCPIHICMINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.40
Year-over-Year Change
1.43%
Date Range
1/1/1990 - 3/1/2025
Summary
The Monthly trend measures consumer price inflation in Denmark. It is a key economic indicator used by policymakers and analysts to track price changes and inform monetary policy decisions.
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 Monthly trend represents the monthly percent change in the consumer price index (CPI) for Denmark. The CPI is a widely-used measure of inflation that tracks the average change in prices paid by consumers for a basket of goods and services.
Methodology
The data is collected through a monthly survey of consumer prices.
Historical Context
Central banks and governments closely monitor inflation trends to assess the overall health of the economy.
Key Facts
- Denmark has targeted an annual inflation rate of around 2% since the 1990s.
- Consumer prices in Denmark rose by 7.4% in the 12 months ending September 2022.
- The central bank, Danmarks Nationalbank, uses the CPI to help set monetary policy.
FAQs
Q: What does this economic trend measure?
A: The Monthly trend measures the monthly percent change in the consumer price index (CPI) for Denmark, which is a key indicator of inflation.
Q: Why is this trend relevant for users or analysts?
A: The monthly inflation rate is closely watched by policymakers, businesses, and consumers to understand the overall cost of living and inform economic decision-making.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of consumer prices in Denmark.
Q: How is this trend used in economic policy?
A: Central banks and governments use inflation data like the Monthly trend to set monetary policy and manage the overall health of the economy.
Q: Are there update delays or limitations?
A: The Monthly trend data is typically released with a 1-2 month delay as the prices are surveyed and compiled.
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Citation
U.S. Federal Reserve, Monthly (DNKCPIHICMINMEI), retrieved from FRED.