Denmark Inflation September 2021

Denmark

Denmark: Inflation comes in at highest level since November 2012 in September

October 11, 2021

Consumer prices increased a seasonally-adjusted 0.28% from the previous month in September, contrasting the 0.19% fall logged in August. Looking at the details of the release, prices for transportation rebounded in September, while prices for clothing rose at a quicker pace.

Inflation rose to 2.2% in September, following August’s 1.8%. September's figure represented the highest inflation rate since November 2012. Meanwhile, the trend pointed up, with annual average inflation coming in at 1.2% in September (August: 1.0%). Lastly, core inflation rose to 1.3% in September, from the previous month's 1.0%.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.3% in 2022, which is unchanged from last month’s forecast. For 2023, panelists project inflation to average 1.4%.


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Denmark Inflation September 2021

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


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