Denmark Inflation June 2017

Denmark

Denmark: Inflation eases further in June

July 10, 2017

In June, consumer prices declined 0.1% compared to the previous month for the second consecutive month, the lowest reading in seven months. According to Denmarks Statistik (DST), the result came on the heels of lower prices primarily for clothing and footwear and offset higher prices for food and non-alcoholic beverages.

Inflation came in at 0.6% in June, below the 0.8% reading in May and the lowest print in six months. Meanwhile, the Harmonized Index of Consumer Prices (HICP) increased 0.4% in June from the same month last year; it was the lowest reading in five months as it came in below the previous month’s 0.7% year-on-year increase.

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:, Economist

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Denmark Inflation June 2017

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


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