Denmark Inflation May 2018


Denmark: Inflation edges up in May

June 11, 2018

Consumer prices rose 0.2% month-on-month in May, coming in below April’s 0.5% increase. According to Statistics Denmark, higher prices for fuel and hotel and cottages drove the increase.

Inflation increased from 0.8% in April to 1.1% in May. Meanwhile, annual average inflation inched up from 1.0% in April to 1.1%. Harmonized inflation (based on the Harmonized Index of Consumer Prices, HICP) also picked up, to 1.0% from 0.7% in April. Annual average HICP inflation remained stable, meanwhile, at April’s 1.0% reading.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.3% in 2018, which is unchanged from last month’s estimate. For 2019, panelists expect inflation to average 1.6%.

Author: Jean-Philippe Pourcelot, Economist

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Denmark Inflation Chart

Denmark Inflation May 2018

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

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