Producer Prices in Denmark
Denmark - Producer Prices
Inflation comes in at highest level since February 1983 in July
Consumer prices increased a seasonally-adjusted 1.14% in July over the previous month, picking up from the 0.80% increase recorded in June. Looking at the details of the release, the acceleration was primarily driven by increasing prices for housing and utilities. In addition, price pressures for food and non-alcoholic beverages rose at a quicker rate.
Inflation rose to 8.7% in July from June’s 8.2%. July's result marked the highest inflation rate since February 1983. Consequently, the trend pointed up, with annual average inflation coming in at 4.9% in July (June: 4.3%). Finally, core inflation rose to 5.5% in July, from June’s 4.8%.
FocusEconomics Consensus Forecast panelists expect inflation to average 5.7% in 2022, which is up 0.4 percentage points from last month’s forecast. For 2023, panelists project inflation to average 2.7%.
Denmark - Producer Prices Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Inflation (PPI, annual variation in %) | 0.6 | 0.0 | 1.4 | 1.2 | 0.5 |
Denmark Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | -0.15 | -1.54 % | Jan 01 |
| Exchange Rate | 6.66 | -0.57 % | Jan 01 |
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Economic News
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Denmark: Inflation comes in at highest level since February 1983 in July
August 10, 2022
Consumer prices increased a seasonally-adjusted 1.14% in July over the previous month, picking up from the 0.80% increase recorded in June.
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Denmark: Manufacturing activity growth eases in June
August 8, 2022
Manufacturing output expanded 1.1% in month-on-month seasonally-adjusted terms in June, which was a deterioration from May's 3.1% increase.
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Denmark: Business sentiment unchanged in July
July 28, 2022
Business sentiment came in at minus 9.0 in July, matching June's reading.
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Denmark: Consumer sentiment falls to fresh all-time low in July
July 20, 2022
Consumer sentiment came in at minus 25.6 in July, down from June's minus 24.8.
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Denmark: Inflation comes in at highest level in nearly four decades in June
July 11, 2022
Consumer prices increased a seasonally-adjusted 0.80% over the previous month in June, below May's 0.90% increase.
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