Denmark Inflation November 2019

Denmark

Denmark: Inflation gains momentum in November

December 11, 2019

Consumer prices fell 0.2% in month-on-month terms in November, contrasting October’s 0.4% increase. The fall was driven by lower prices for transportation, leisure and culture, and restaurants and hotels.

Meanwhile, inflation inched up to 0.7% in November from 0.6% in October, while annual average inflation was unchanged at 0.8% in November.

Next year, a tight labor market, ultra-low mortgage lending and stronger domestic demand should underpin price pressures.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.2% in 2020, which is unchanged from last month’s forecast. For 2021, panelists project inflation to average 1.4%.


Author:, Economist

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Denmark Inflation Chart


Denmark Inflation November 2019

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


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