Denmark Inflation


Inflation eases in May

In May, consumer prices fell 0.1% over the previous month, which contrasted the 0.2% rise tallied in April. According to Statistics Denmark (DST), the figure mainly reflects that higher prices for food and non-alcoholic beverages more than offset lower prices for transport.

Annual headline inflation inched down from 0.7% in April to 0.5% in May. Annual average inflation also inched down from 0.7% in April to 0.6% in May, which marked the lowest rate on record. HICP inflation (based on the harmonized index of consumer prices) fell from 0.5% in April to 0.3% in May, while annual average HICP inflation remained at April’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 1.1% in 2014, which is unchanged from last month’s estimate. For 2015, panelists expect inflation to average 1.6%.

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Denmark Inflation Chart

Denmark Inflation May 2014 0

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

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