Denmark Inflation


Denmark: Inflation picks back up again in July

August 11, 2014

In July, consumer prices fell 0.1% over the previous month, which mirrored the decrease recorded in June. According to Statistics Denmark (DST), the figure mainly reflects lower prices for leisure and culture as well as for healthcare.

Annual headline inflation rose from June’s 0.5% to 0.8%, which represents the highest rate in half a year. Annual average inflation was stable at June’s 0.6%. HICP inflation (based on the harmonized index of consumer prices) inched up from 0.4% in June to 0.5% in July, while annual average HICP inflation remained at June’s 0.4%.

The Central Bank expects HICP inflation of 1.8% in both 2014 and 2015. FocusEconomics Consensus Forecast panelists expect inflation to average 0.8% in 2014, which is down 0.1 percentage points from last month’s estimate. For 2015, panelists expect inflation to average 1.5%.

Author:, Senior Economist

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Denmark Inflation Chart

Denmark Inflation July 2014

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

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