Denmark Inflation January 2017


Denmark: Inflation at three-year high in January

February 10, 2017

Consumer prices were unchanged in January compared to the prior month, mirroring December’s figure. According to Statistics Denmark (DST), the result was driven by higher prices for food and beverages, which were offset by lower prices for clothing and footwear as the winter collection of apparel saw the last weeks of season-end discounts.

Inflation came in at 0.9% in January, which was above the 0.5% in December and marked the highest rate since January 2014. The Harmonized Index of Consumer Prices (HICP) climbed 0.7% in January from the same month of the previous year (December: +0.3 year-on-year).

FocusEconomics Consensus Forecast panelists expect inflation to average 1.2% in 2017, which is unchanged from last month’s estimate. For 2018, panelists expect inflation to average 1.6%.

Author: Marlène Rump, Senior Data Analyst

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Denmark Inflation Chart

Denmark Inflation January 2017

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

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