Denmark Inflation

Denmark

Denmark: Inflation inches up in June

July 10, 2015

In June, consumer prices were flat compared to the previous month, which matched the previous month’s reading. According to Statistics Denmark (DST), the figure mainly reflected that higher prices for non-alcoholic beverages offset lower prices for alcoholic beverages and tobacco.

Inflation inched up from 0.6% in May to 0.7% in June, thus reaching the highest reading in nearly a year. Annual harmonized consumer prices increased 0.4% in June, which matched the previous month’s result. Moreover, annual average HICP inflation held steady in June at May’s 0.2%.

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 June 2015

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


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