Denmark Inflation December 2015

Denmark

Denmark: Inflation accelerates in December

January 15, 2016

In December, consumer prices were flat over the previous month, which was above the 0.3% decrease seen in November. According to Statistics Denmark (DST), the figure mainly reflected that lower prices for clothing and footwear offset higher prices for alcoholic beverages and tobacco.

Inflation edged up from 0.3% in November to 0.5% in December, thus reaching a four-month high. Harmonized inflation came in at 0.3% in December, which was up from November’s 0.1%. Finally, annual average HICP inflation inched up from 0.2% in November to 0.3% in December.

FocusEconomics Consensus Forecast panelists expect inflation to average 0.7% in 2016, which is down 0.2 percentage points from last month’s estimate. For 2017, panelists expect inflation to average 1.5%.


Author:, Senior Economist

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Denmark Inflation December 2015

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


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