Denmark Inflation

Denmark

Denmark: Annual consumer prices increase in February after record decline in January

March 10, 2015

In February, consumer prices increased 1.00% over the previous month, which contrasted the 0.54% decline tallied in January and marked the largest monthly gain in two years. According to Statistics Denmark (DST), the figure mainly reflected a steep jump in prices for clothing and footwear, as well as higher prices for furnishings and household services.

Annual consumer prices rebounded from the record low 0.1% decrease in January to a 0.2% increase in February. Annual average inflation held at January’s 0.5% in February. In addition, annual harmonized consumer prices were flat in February, which was up from the 0.3% decrease tallied in January. Annual average HICP inflation held steady at January’s 0.2%.

The Central Bank expects HICP inflation of 0.8% in 2015 and 1.7% in 2016. FocusEconomics Consensus Forecast panelists expect inflation to average 0.7% in 2015, which is down 0.2 percentage points from last month’s estimate. For 2016, panelists expect inflation to average 1.5%.


Author:, Economist

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Denmark Inflation Chart


Denmark Inflation February 2015

Note: Year-on-year and month-on-month variation of consumer prices index in %.
Source: Statistics Denmark (DST)


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