In June, consumer prices dropped 0.1% over the previous month, contrasting the 0.1% rise recorded in May. According to Statistics Denmark (DST), the print reflects lower prices for clothing and footwear as well as for household equipment. Annual headline inflation, however, remained stable at 0.9% in June. Despite the stable annual figure, annual average inflation fell from 1.8% in May to 1.7% in June. Meanwhile, HICP inflation (based on the harmonized index of consumer prices) remained stable at 0.6% in June. Annual average HICP, nevertheless, fell from 1.6% in May to 1.5% in June. The Central Bank expects HICP inflation to reach 0.8% this year and 1.9% the next. FocusEconomics Consensus Forecast panellists expect inflation to average 1.8% in 2013. For 2014, panellists expect inflation to average 1.9%.
Inflation stable in June
July 10, 2013
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Denmark Inflation Chart
Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: Statistics Denmark (DST).
Denmark Economic News
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.
September 12, 2016
In August, consumer prices fell 0.3% on a monthly basis, which came in below July’s 0.1% decrease.