Denmark Inflation April 2017

Denmark

Denmark: Inflation inches up in April

May 10, 2017

Consumer prices rose 0.2% in April compared to the prior month, up from March’s 0.1% increase. According to Statistics Denmark (DST), the result was driven by higher prices for clothing and footwear, which were partially offset by lower prices for food and non-alcoholic beverages.

Inflation came in at 1.1% in April, a notch higher than the 1.0% reading in March. The Harmonized Index of Consumer Prices (HICP) climbed 1.0% in April from the same month of the previous year (March: +0.9 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 April 2017

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


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