National Accounts: National Accounts Deflators: Private Consumption Expenditure Deflator: Implicit Price Deflator Total for Denmark
DNKNAGICE01IXOBSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.45
Year-over-Year Change
12.82%
Date Range
1/1/1995 - 7/1/2023
Summary
The Private Consumption Expenditure Deflator for Denmark measures the rate of change in prices paid by consumers for goods and services. It is a key indicator of inflation and cost of living trends in 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
The Private Consumption Expenditure Deflator is a broad measure of price changes for all personal consumption in Denmark. It is used by economists and policymakers to assess the purchasing power of Danish consumers and inform monetary and fiscal policy decisions.
Methodology
The data is calculated by the Danish national statistical agency based on a comprehensive survey of consumer spending and prices.
Historical Context
The deflator helps central banks and governments monitor inflationary pressures and make appropriate policy adjustments.
Key Facts
- The base year for the deflator is 2015 = 100.
- Denmark's private consumption deflator reached a high of 105.78 in 2022 Q3.
- The deflator has risen by an average of 2.1% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Private Consumption Expenditure Deflator measures changes in the prices paid by Danish consumers for a broad basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: The deflator is a key indicator of inflation and consumer purchasing power, which are essential for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is compiled by Denmark's national statistical agency based on a comprehensive survey of consumer spending and prices.
Q: How is this trend used in economic policy?
A: Central banks and governments use the deflator to monitor inflationary pressures and make appropriate monetary and fiscal policy adjustments.
Q: Are there update delays or limitations?
A: The deflator data is published quarterly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, National Accounts: National Accounts Deflators: Private Consumption Expenditure Deflator: Implicit Price Deflator Total for Denmark (DNKNAGICE01IXOBSAQ), retrieved from FRED.