Labor Compensation: Earnings: Manufacturing: Hourly for Denmark
Index 2015=100, Monthly, Not Seasonally Adjusted
LCEAMN01DKM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.92
Year-over-Year Change
6.72%
Date Range
2/1/1971 - 5/1/2018
Summary
The Index 2015=100, Monthly, Not Seasonally Adjusted measures changes in the cost of living and consumption patterns over time. It is a key economic indicator used by policymakers and analysts to assess inflation and consumer purchasing power.
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 index tracks the weighted-average price changes of a basket of consumer goods and services, with the year 2015 serving as the base period (100). It provides a comprehensive view of price movements across various sectors of the economy.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Labor Statistics.
Historical Context
The index is closely monitored by the Federal Reserve and other economic policymakers to inform monetary policy decisions.
Key Facts
- The base year for the index is 2015.
- The index is released monthly by the U.S. Bureau of Labor Statistics.
- The index is a widely used measure of consumer price changes in the United States.
FAQs
Q: What does this economic trend measure?
A: This economic trend measures changes in the cost of living and consumption patterns by tracking the weighted-average price changes of a basket of consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: The index is a key indicator of inflation and consumer purchasing power, making it highly relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other economic policymakers closely monitor this index to inform monetary policy decisions and assess the overall state of the economy.
Q: Are there update delays or limitations?
A: The index is released monthly by the U.S. Bureau of Labor Statistics, with a relatively short delay in publication.
Related Trends
Infra-Annual Labor Statistics: Labor Force Female: From 55 to 64 Years for Denmark
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Infra-Annual Labor Statistics: Employment: Economic Activity: Construction: Total for Denmark
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Infra-Annual Labor Statistics: Labor Force Total: From 15 to 64 Years for Denmark
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Infra-Annual Labor Statistics: Labor Force Total: From 25 to 54 Years for Denmark
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Production: Industry: Total Industry Excluding Construction for Denmark
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Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Denmark
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Citation
U.S. Federal Reserve, Index 2015=100, Monthly, Not Seasonally Adjusted (LCEAMN01DKM661N), retrieved from FRED.