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Showing posts from November, 2022

What happened to Denmark's economy and why is it so expensive?

Of the 10 richest countries in the world, Denmark's Consumer Price Index inflation saw a substantial 20.4 percent increase from January 2019 to January 2022. This is the country’s biggest spike in CPI inflation since 1984, according to Statistics Denmark.  I gathered data on the top 10 countries by GDP from WorldBank.org and used the International Monetary Fund’s website to calculate each country’s CPI percentage change for all goods from January 2019 to January 2022. I also calculated each country’s CPI percentage change for fuel over the same period. I found sources that addressed questions I had about Denmark's exceptionally high inflation spike, adding weight to my open data results and providing insights into Denmark’s economy. Nordea Corporate reported that the inflation spike around January 2021 was largely due to higher energy prices, including gas. They also stated that wage inflation would drive higher consumer prices, contributing to the 20.4 percent increase in 2...

Assignment #4: Data Update 3

Chart • Unanswered Question(s) What is it about P.E.I that pushed its rent inflation so high? Why was clothing the only thing to go down out of all the categories? What is the average cost of living for each province? How would you get the data?  I would say a numerical based dataset could provide me a good baseline for answers to the first two questions. I could also submit an FOI request to the city of P.E.I. for specific pricing on public and privately listed homes to provide me answers to the suddenly high inflation rates. A record based dataset that shows the history of certain clothing brands, their list prices and selling trends could give me the explanation I'm looking for to understand why the price of clothing has gone down in Canada. I think Statcan.gov would be the first place I go because their statistics are very broad inside of the country of Canada. If P.E.I has it's own statistics database page, I would search there as well for the most specific data about h...
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 This is my first Tableau chart That was my first Tableau chart t>

Data Update 2

British Columbia earns title for highest priced gas in Canada with over a 50% increase since 2012. British Columbians are now paying 2.3 times more for gas than they were in 2002, as the province displays a current 18% lead over Prince Edward Island who is in second place as of January 2022. In summary, I have shrunk down my dataset to simply display gas prices of every province in Canada. This way it can give me something more specific to point out and give readers more concise information understand. For the purposes of this update, I didn't want to overcrowd the pivot table with too much data with hopes that readers will be able to quickly pull my lede from within data table. This sliced data is located here . Instead of looking for "Which province is the most expensive to live on average?" I thought I would see which province has a bigger increase than others or the biggest. I have decided to focus on each January of the year started with 2012 and ending in 2022 inste...