Denmark Inflation March 2016

Denmark

Denmark: Inflation drops further in March

April 11, 2016

In March, consumer prices increased 0.1% on a monthly basis, which followed the 0.7% increase seen in February and had marked the largest increase in a year. According to Statistics Denmark (DST), the figure mainly reflected higher prices for food and nonalcoholic beverages.

Inflation dropped from 0.3% in February to a flat reading in March, thus marking the lowest reading in over a year. Harmonized consumer prices dropped 0.3% on an annual basis, which contrasted the 0.1% increase seen in February. Finally, annual average HICP inflation in March was stable at the previous month’s 0.3%.

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 March 2016

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


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