Denmark Inflation February 2016

Denmark

Denmark: Inflation eases in February

March 10, 2016

In February, consumer prices increased 0.7% on a monthly basis, which contrasted the 0.4% decrease seen in January and marked the largest result in a year. According to Statistics Denmark (DST), the figure mainly reflected higher prices for food and nonalcoholic beverages.

Inflation dropped from 0.6% in January to 0.3% in February, thus marking the lowest reading in three months. Harmonized inflation came in at 0.1% in February, which was down from January’s 0.4%. Finally, annual average HICP inflation in February 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 February 2016

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


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