Denmark Inflation

Denmark

Denmark: Inflation inches up in May

June 10, 2015

In May, consumer prices were flat compared to the previous month, which was down from the 0.08% increase seen in April and marked the lowest reading in four months. 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 0.5% in April to 0.6% in May. In addition, annual harmonized consumer prices increased 0.4% in May, which matched the previous month’s result. Moreover, annual average HICP inflation held steady in May at April’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 May 2015

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


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