Denmark Inflation January 2019

Denmark

Denmark: Inflation accelerates to over one-year high in January

February 11, 2019

According to Statistics Denmark, consumer prices rose 0.2% over the previous month in January, swinging from the 0.3% dip recorded in December. The increase was driven by higher prices for alcoholic beverages and tobacco; food and non-alcoholic beverages; and leisure and culture. On the other hand, a sharp decrease in clothing and footwear prices due to winter sales partially offset the month-on-month rise.

Inflation jumped to an over one-year high of 1.3% in January from 0.8% in December. Meanwhile, annual average inflation edged up to 0.9% in January from 0.8% in December.

Denmark Inflation Forecast


FocusEconomics Consensus Forecast panelists expect inflation to average 1.3% in 2019, which is unchanged from last month’s forecast. For 2020, panelists expect inflation to average 1.6%.


Author:, Economist

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Denmark Inflation Chart


Denmark Inflation January 2019 0

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


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