Denmark Inflation

Denmark

Denmark: Annual consumer prices register record decline in January

February 10, 2015

In January, consumer prices fell 0.54% over the previous month, which followed the 0.23% decline in December. According to Statistics Denmark (DST), the figure mainly reflected a steep drop in prices for clothing and footwear.

Annual consumer prices swung from a 0.3% increase in December to a 0.1% decrease in January, which marked a record low. Annual average inflation inched down from 0.6% in December to 0.5% in January, which also marked a record low. In addition, annual harmonized consumer prices declined 0.3% in January, which contrasted the 0.1% increase tallied in December. Annual average HICP inflation inched down from 0.3% in December to 0.2% in January.

The Central Bank expects HICP inflation of 1.3% in 2015. FocusEconomics Consensus Forecast panelists expect inflation to average 1.1% 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 January 2015

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


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