Denmark Inflation


Inflation eases in August

In August, consumer prices fell 0.2% over the previous month, which followed July’s 0.1% decline. According to Statistics Denmark (DST), the figure mainly reflected lower prices for leisure and culture as well as for transport.

Annual headline inflation decreased from July’s 0.8% to 0.5%. Meanwhile, annual average inflation was stable at July’s 0.6%. HICP inflation (based on the harmonized index of consumer prices) fell from 0.5% in July to 0.3% in August, while annual average HICP inflation remained at July’s 0.4%.

The Central Bank expects HICP inflation of 1.8% in both 2014 and 2015. FocusEconomics Consensus Forecast panelists expect inflation to average 0.8% in 2014, which is unchanged from last month’s estimate. For 2015, panelists expect inflation to average 1.5%.

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Denmark Inflation Chart

Denmark Inflation August 2014

Note: Year-on-year and month-on-month variation of consumer prices index in %.
Source: Statistics Denmark (DST)

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