In February, consumer prices rose 0.7% over the previous month, which contrasted the 0.2% fall recorded in January. According to Statistics Denmark (DST), the figure mainly reflects that higher prices for housing offset lower prices for food and non-alcoholic beverages and for transport. Annual headline inflation fell from 1.0% in January to 0.5% in February. Annual average inflation inched down from 0.8% in January to 0.7% in February. HICP inflation (based on the harmonized index of consumer prices) fell from 0.8% in January to 0.3% in February, while annual average HICP inflation reached 0.4%, which was down from the 0.5% recorded in January. The Central Bank expects HICP inflation to be 1.9% in 2014. FocusEconomics Consensus Forecast panelists expect inflation to average 1.4% in 2014, which is unchanged from last month's estimate. For 2015, panelists expect inflation to average 1.6%.
Inflation eases in February
March 10, 2014
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Denmark Inflation Chart
Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: Statistics Denmark (DST).
Denmark Economic News
October 21, 2016
The mood among Danish consumers turned more pessimistic and fell to the lowest level in over three years in October, as the consumer confidence indicator produced by Statistics Denmark (DST) fell from September’s 1.8 points to 1.2 points. October’s drop reflected that consumers were more downbeat about Denmark’s economic outlook in one year than they were in September and that their families’ financial situation had deteriorated compared to a year ago.
October 10, 2016
In September, consumer prices were flat on a monthly basis, which came in above August’s 0.3% decrease.
September 30, 2016
In the second quarter, GDP expanded a revised seasonally-adjusted 0.4% over the previous quarter (previously reported: +0.5% quarter-on-quarter), according to data released by Statistics Denmark (DST) on 30 September.
September 29, 2016
The business confidence indicator developed by Statistics Denmark (DST) came in at minus 8 points in September, which marked a deterioration since the previous month’s minus 7 points.
September 22, 2016
The mood among Danish consumers turned more pessimistic and fell to the lowest level in over three years in September, as the consumer confidence indicator produced by Statistics Denmark (DST) fell from August’s 4.8 points to 1.8 points. September’s deterioration reflected that consumers assessed Denmark’s economic outlook in one year as well as the country’s current economic situation worse than in August.