Denmark Inflation January 2016

Denmark

Denmark: Inflation accelerates slightly in January

February 17, 2016

In January, consumer prices decreased 0.4% over the same month last year, which was down from the 0.1% drop observed in December and marked the steepest decrease in a year. According to Statistics Denmark (DST), the figure mainly reflected lower prices for clothing and footwear.

Inflation edged up from 0.4% in December to 0.6% in January, thus reaching a six-month high. Harmonized inflation came in at 0.4% in January, which was up from December’s 0.3%. Finally, annual average HICP inflation inched up from 0.2% in December to 0.3% in January.

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 Chart


Denmark Inflation January 2016

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


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