Denmark Inflation December 2017

Denmark

Denmark: Inflation falls in December

January 10, 2018

Consumer prices dropped 0.3% over the previous month in December, matching November’s result. According to Statistics Denmark (DST), lower prices for clothing and footwear spearheaded the decline in prices. Out of the 12 sub-categories, 7 recorded a price fall, 2 saw a rise in prices and the remaining 3 logged a flat reading.

Inflation decreased to 1.0% in December, down from 1.3% in November. Annual average inflation rose marginally to 1.2% in December (November: 1.1%).

The Harmonized Index of Consumer Prices (HICP) dropped to 0.8% in December from 1.3% in November, while annual average HICP increased to 1.1% from 1.0% in November.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.5% in 2018, which is unchanged from last month’s estimate. For 2019, panelists expect inflation to average 1.6%.


Author:, Economist

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Denmark Inflation Chart


Denmark Inflation December 2017

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


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