Producer and Import Price Index for Commodities

Statistical presentation

The Producer and import price index for commodities indicates trends in prices relating to the first commercial transaction for commodities that are produced in Denmark or imported to Denmark

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Statistical processing

The producer- and import price index for commodities is based on approx. 6500 prices, reported by selected producers and importers in Denmark. Approx. 3500 prices are used for calculating the producer price index, approx. 2900 prices are used for calculating the import price index and approx. 4900 prices are used for calculating the price index for domestic supply. The prices are collected every month through an electronic questionnaire and validated.

The validated data are then aggregated in a hierarchical system to calculate the producer- and import price indices for commodities.

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Relevance

The Producer and import price index is a key business cycle indicator which is used by public and private decision-makers to analyze the socioeconomic development.

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Accuracy and reliability

The sample contains 6400 prices from Danish manufacturers and importers. The most important enterprises within selected areas are requested to report prices. In this way it is ensured that the producer and import price index covers at least 70 percent of Danish production and imports. It is therefore assumed that price developments in the sample represents the price movements in the population.

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Timeliness and punctuality

The statistics are published every month. For a specific month it will be published on the 15th of the following month or the first business day thereafter. The statistics are usually published without delay in relation to the scheduled date.

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Comparability

Producer and import price index for commodities can be found as a complete time series from 2005 until today. The statistics follows international standards and can therefore be compared with similar statistics from other European countries.

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Accessibility and clarity

These statistics are published monthly in a Danish press release. In the StatBank, these statistics can be found under Producer and Import Price Index for Commodities. For more information visit the subject page on Business Prices.

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