Inflation in Denmark

Denmark Inflation | Economic News & Forecasts

Denmark - Inflation

Inflation comes in at highest level in over a decade in October

Consumer prices increased a seasonally-adjusted 0.95% in October over the previous month, picking up markedly from September's 0.28% rise. October's uptick marked the highest reading since February 2015. Looking at the details of the release, higher prices for electricity, as well as for transport compared to the previous month contributed to the acceleration.

Inflation increased to 3.0% in October, following September’s 2.2%. October's result marked the highest inflation rate since July 2011. Meanwhile, the trend pointed up mildly, with annual average inflation coming in at 1.4% in October (September: 1.2%). Lastly, core inflation rose to 1.4% in October, from the previous month's 1.3%.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.4% in 2022, which is up 0.1 percentage points from last month’s forecast. For 2023, panelists project inflation to average 1.4%.

Denmark - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)0.5  0.3  1.1  0.8  0.8  

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Denmark Inflation Chart

Denmark Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Statistics Denmark (DST) and FocusEconomics calculations.

Denmark Facts

Value Change Date
Bond Yield-0.15-1.54 %Jan 01
Exchange Rate6.66-0.57 %Jan 01

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