Producer Prices in Denmark

Denmark Producer Prices | Economic News & Forecasts

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  

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Denmark Facts

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

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