In January, consumer prices rose 0.32% over the previous month, well above the flat reading recorded in December. According to Statistics Denmark (DST), the reading was the result of higher prices for alcoholic beverages and tobacco as well as for services, which more than offset lower prices for clothing and footwear. As a result of the monthly figure, annual headline inflation rose from 2.5% in December to 2.8% in January, which overshot market expectations that had inflation at 2.6%. Annual average inflation remained unchanged at December's 2.8%. The Central Bank expects average inflation to moderate to 1.9% this year.
Inflation accelerates in January
February 10, 2012
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Denmark Economic News
October 21, 2016
The mood among Danish consumers turned more pessimistic and fell to the lowest level in over three years in October, as the consumer confidence indicator produced by Statistics Denmark (DST) fell from September’s 1.8 points to 1.2 points. October’s drop reflected that consumers were more downbeat about Denmark’s economic outlook in one year than they were in September and that their families’ financial situation had deteriorated compared to a year ago.
October 10, 2016
In September, consumer prices were flat on a monthly basis, which came in above August’s 0.3% decrease.
September 30, 2016
In the second quarter, GDP expanded a revised seasonally-adjusted 0.4% over the previous quarter (previously reported: +0.5% quarter-on-quarter), according to data released by Statistics Denmark (DST) on 30 September.
September 29, 2016
The business confidence indicator developed by Statistics Denmark (DST) came in at minus 8 points in September, which marked a deterioration since the previous month’s minus 7 points.
September 22, 2016
The mood among Danish consumers turned more pessimistic and fell to the lowest level in over three years in September, as the consumer confidence indicator produced by Statistics Denmark (DST) fell from August’s 4.8 points to 1.8 points. September’s deterioration reflected that consumers assessed Denmark’s economic outlook in one year as well as the country’s current economic situation worse than in August.