diff --git a/pkg/tsdb/cloudwatch/response_parser.go b/pkg/tsdb/cloudwatch/response_parser.go
index 78b7154afa7..05bb8dcd9e6 100644
--- a/pkg/tsdb/cloudwatch/response_parser.go
+++ b/pkg/tsdb/cloudwatch/response_parser.go
@@ -2,6 +2,7 @@ package cloudwatch
 
 import (
 	"fmt"
+	"regexp"
 	"sort"
 	"strings"
 	"time"
@@ -12,6 +13,9 @@ import (
 	"github.com/grafana/grafana/pkg/tsdb/cloudwatch/models"
 )
 
+// matches a dynamic label
+var dynamicLabel = regexp.MustCompile(`\$\{.+\}`)
+
 func (e *cloudWatchExecutor) parseResponse(startTime time.Time, endTime time.Time, metricDataOutputs []*cloudwatch.GetMetricDataOutput,
 	queries []*models.CloudWatchQuery) ([]*responseWrapper, error) {
 	aggregatedResponse := aggregateResponse(metricDataOutputs)
@@ -110,6 +114,8 @@ func getLabels(cloudwatchLabel string, query *models.CloudWatchQuery) data.Label
 func buildDataFrames(startTime time.Time, endTime time.Time, aggregatedResponse models.QueryRowResponse,
 	query *models.CloudWatchQuery) (data.Frames, error) {
 	frames := data.Frames{}
+	hasStaticLabel := query.Label != "" && !dynamicLabel.MatchString(query.Label)
+
 	for _, metric := range aggregatedResponse.Metrics {
 		label := *metric.Label
 
@@ -169,10 +175,15 @@ func buildDataFrames(startTime time.Time, endTime time.Time, aggregatedResponse
 		timeField := data.NewField(data.TimeSeriesTimeFieldName, nil, timestamps)
 		valueField := data.NewField(data.TimeSeriesValueFieldName, labels, points)
 
-		valueField.SetConfig(&data.FieldConfig{DisplayNameFromDS: label, Links: createDataLinks(deepLink)})
+		name := label
+		// CloudWatch appends the dimensions to the returned label if the query label is not dynamic, so static labels need to be set
+		if hasStaticLabel {
+			name = query.Label
+		}
 
+		valueField.SetConfig(&data.FieldConfig{DisplayNameFromDS: name, Links: createDataLinks(deepLink)})
 		frame := data.Frame{
-			Name: label,
+			Name: name,
 			Fields: []*data.Field{
 				timeField,
 				valueField,
diff --git a/pkg/tsdb/cloudwatch/response_parser_test.go b/pkg/tsdb/cloudwatch/response_parser_test.go
index 1701bcce634..5cdedf42967 100644
--- a/pkg/tsdb/cloudwatch/response_parser_test.go
+++ b/pkg/tsdb/cloudwatch/response_parser_test.go
@@ -376,6 +376,82 @@ func Test_buildDataFrames_uses_response_label_as_frame_name(t *testing.T) {
 		assert.Equal(t, "some label", frames[0].Name)
 	})
 
+	t.Run("when non-static label set on query", func(t *testing.T) {
+		timestamp := time.Unix(0, 0)
+		response := &models.QueryRowResponse{
+			Metrics: []*cloudwatch.MetricDataResult{
+				{
+					Id:    aws.String("lb3"),
+					Label: aws.String("some label"),
+					Timestamps: []*time.Time{
+						aws.Time(timestamp),
+					},
+					Values:     []*float64{aws.Float64(23)},
+					StatusCode: aws.String("Complete"),
+				},
+			},
+		}
+
+		query := &models.CloudWatchQuery{
+			RefId:      "refId1",
+			Region:     "us-east-1",
+			Namespace:  "AWS/ApplicationELB",
+			MetricName: "TargetResponseTime",
+			Dimensions: map[string][]string{
+				"LoadBalancer": {"lb1"},
+				"InstanceType": {"micro"},
+				"Resource":     {"res"},
+			},
+			Statistic:        "Average",
+			Period:           60,
+			MetricQueryType:  models.MetricQueryTypeQuery,
+			MetricEditorMode: models.MetricEditorModeBuilder,
+			Label:            "set ${AVG} label",
+		}
+		frames, err := buildDataFrames(startTime, endTime, *response, query)
+		require.NoError(t, err)
+
+		assert.Equal(t, "some label", frames[0].Name)
+	})
+
+	t.Run("unless static label set on query", func(t *testing.T) {
+		timestamp := time.Unix(0, 0)
+		response := &models.QueryRowResponse{
+			Metrics: []*cloudwatch.MetricDataResult{
+				{
+					Id:    aws.String("lb3"),
+					Label: aws.String("some label"),
+					Timestamps: []*time.Time{
+						aws.Time(timestamp),
+					},
+					Values:     []*float64{aws.Float64(23)},
+					StatusCode: aws.String("Complete"),
+				},
+			},
+		}
+
+		query := &models.CloudWatchQuery{
+			RefId:      "refId1",
+			Region:     "us-east-1",
+			Namespace:  "AWS/ApplicationELB",
+			MetricName: "TargetResponseTime",
+			Dimensions: map[string][]string{
+				"LoadBalancer": {"lb1"},
+				"InstanceType": {"micro"},
+				"Resource":     {"res"},
+			},
+			Statistic:        "Average",
+			Period:           60,
+			MetricQueryType:  models.MetricQueryTypeQuery,
+			MetricEditorMode: models.MetricEditorModeBuilder,
+			Label:            "actual",
+		}
+		frames, err := buildDataFrames(startTime, endTime, *response, query)
+		require.NoError(t, err)
+
+		assert.Equal(t, "actual", frames[0].Name)
+	})
+
 	t.Run("Parse cloudwatch response", func(t *testing.T) {
 		timestamp := time.Unix(0, 0)
 		response := &models.QueryRowResponse{