Price Level of Imports for Denmark
PLMCPPDKA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.60
Year-over-Year Change
-0.39%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Imports for Denmark is an economic indicator that measures changes in the prices of goods and services imported into Denmark. It is an important metric for understanding Denmark's trade dynamics and competitiveness.
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 Price Level of Imports for Denmark tracks the prices of a representative basket of imported goods and services. This index is used by economists and policymakers to analyze Denmark's trade flows, inflationary pressures, and the purchasing power of the Danish krone.
Methodology
The data is collected through surveys of import prices and calculated as an index relative to a base year.
Historical Context
The Price Level of Imports is relevant for understanding Denmark's trade competitiveness and the impact of exchange rate movements on the Danish economy.
Key Facts
- Denmark is a major trading nation, with imports accounting for over 50% of its GDP.
- The Price Level of Imports is an important indicator of Denmark's trade competitiveness.
- Fluctuations in the index can impact Denmark's inflation rate and consumer purchasing power.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Denmark measures changes in the prices of goods and services imported into the country. It is an index that tracks the overall price level of Denmark's imports.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding Denmark's trade dynamics, inflationary pressures, and the purchasing power of the Danish krone. It provides insights into the country's trade competitiveness and the impact of exchange rate movements.
Q: How is this data collected or calculated?
A: The data is collected through surveys of import prices and calculated as an index relative to a base year.
Q: How is this trend used in economic policy?
A: The Price Level of Imports for Denmark is used by economists and policymakers to analyze the country's trade flows, inflationary pressures, and the impact of exchange rate movements on the Danish economy.
Q: Are there update delays or limitations?
A: The data is published regularly, but there may be occasional delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Price Level of Imports for Denmark (PLMCPPDKA670NRUG), retrieved from FRED.