Denmark Inflation May 2017

Denmark

Denmark: Inflation eases in May

June 12, 2017

Consumer prices declined 0.1% in May compared to the prior month, contrasting April’s 0.2% increase. According to Statistics Denmark (DST), the result was driven by lower prices for transport and cultural activities, which were partially offset by higher prices for food and non-alcoholic beverages.

Inflation came in at 0.8% in May, below 1.1% in April and marking a five-month low. The Harmonized Index of Consumer Prices (HICP) climbed 0.7% in May from the same month of the previous year (April: +1.0 year-on-year).

FocusEconomics Consensus Forecast panelists expect inflation to average 1.3% in 2017, which is up 0.1 percentage points from last month’s estimate. For 2018, panelists expect inflation to average 1.6%.


Author: Marlène Rump, Senior Data Analyst

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Denmark Inflation May 2017

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


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