Denmark Inflation August 2016

Denmark

Denmark: Inflation moderates in August

September 12, 2016

In August, consumer prices fell 0.3% on a monthly basis, which came in below July’s 0.1% decrease. According to Statistics Denmark (DST), the figure mainly reflected lower prices for clothing and footwear and communication. Conversely, prices at restaurants and hotels rose.

Inflation inched down from July’s 0.3% to 0.2% in August. HICP inflation, which is based on the harmonized index of consumer prices, came in at 0.0% in August, which was slightly down from July’s 0.1%. Finally, annual average HICP inflation remained stable at July’s 0.1%.

FocusEconomics Consensus Forecast panelists expect inflation to average 0.4% in 2016, which is down 0.1 percentage points from last month’s estimate. For 2017, panelists expect inflation to average 1.4%.


Author: Teresa Kersting, Economist

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Denmark Inflation Chart


Denmark Inflation August 2016

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


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