Denmark Inflation October 2016

Denmark

Denmark: Inflation climbs up in October

November 10, 2016

In October, consumer prices in Denmark edged up 0.2% on a monthly basis, which came in above September’s flat reading. According to Statistics Denmark (DST), the figure was driven by higher prices for several categories, especially furnishing and transportation.

Inflation came in at 0.3% in October, which was above the flat print seen in September. The harmonized index of consumer prices climbed up 0.1% in October (September: -0.3%). Finally, annual average HICP inflation was flat in October, matching September’s reading.

FocusEconomics Consensus Forecast panelists expect inflation to average 0.4% in 2016, which is unchanged from last month’s estimate. For 2017, panelists expect inflation to average 1.3%, which is down 0.1 percentage points from last month’s forecast.


Author: Marlène Rump, Economist

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Denmark Inflation Chart


Denmark Inflation October 2016

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


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