Denmark Inflation April 2020

Denmark

Denmark: Consumer prices are flat in annual terms in April

May 11, 2020

Consumer prices fell 0.1% month-on-month in April, dragged on by lower fuel prices (March: -0.3% month-on-month). In annual terms, consumer prices were flat (March: +0.4% year-on-year), again due in significant part to weakness in fuel prices.

Looking ahead, price pressures are seen picking up slightly, but soft economic activity and continuing low oil prices will keep inflation low nonetheless.

FocusEconomics Consensus Forecast panelists expect inflation to average 0.6% in 2020, which is down 0.2 percentage points from last month’s forecast. For 2021, panelists project inflation to average 0.9%.


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Denmark Inflation April 20 20

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


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