Denmark Inflation

Denmark

Denmark: Inflation inches down in April

May 11, 2015

In April, consumer prices increased 0.08% over the previous month, which followed the 0.46% increase tallied in March. According to Statistics Denmark (DST), the figure mainly reflected higher prices for clothing and footwear, as well as higher prices for food and non-alcoholic drinks.

Inflation inched down from 0.6% in March to 0.5% in April. March’s figure had marked an eight-month high. Annual average inflation held at March’s 0.5% in April. In addition, annual harmonized consumer prices increased 0.4% in April, which was up from the 0.3% increase seen in March. Contrary, annual average HICP inflation held steady at March’s 0.2% in April.

The Central Bank expects HICP inflation of 0.8% in 2015 and 1.7% in 2016. FocusEconomics Consensus Forecast panelists expect inflation to average 0.7% in 2015, which is down 0.2 percentage points from last month’s estimate. For 2016, panelists expect inflation to average 1.5%.


Author:, Senior Economist

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Denmark Inflation Chart


Denmark Inflation April 2015

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


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