Denmark Inflation

Denmark

Denmark: Inflation increases in March

April 10, 2015

In March, consumer prices increased 0.46% over the previous month, which followed the 1.00% rise tallied in February. According to Statistics Denmark (DST), the figure mainly reflected a steep jump in prices for clothing and footwear, as well as higher prices for food and non-alcoholic drinks.

Inflation increased from 0.2% in February to 0.6% in March, thus reaching the highest level in eight months. Annual average inflation held at February’s 0.5% in March. In addition, annual harmonized consumer prices increased 0.3% in March, which was up from the flat reading tallied in February. Contrary, annual average HICP inflation held steady at February’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 March 2015 0

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


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