Denmark Inflation April 2018

Denmark

Denmark: Inflation picks up in April

May 11, 2018

Consumer prices increased 0.5% month-on-month in April, following a flat reading in March. According to Statistics Denmark, higher prices for clothes, shoes and petrol drove the increase.

Inflation increased from 0.5% in March to 0.8% in April, which marked the first uptick in inflation since September 2017. Annual average inflation inched down, however, from 1.1% in March to 1.0% in April.

Harmonized inflation (based on the Harmonized Index of Consumer Prices, HICP) also picked up, to 0.7% in April from 0.4% in March, while annual average HICP inflation remained stable at March’s 1.0% reading.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.3% in 2018, which is unchanged from last month’s estimate. For 2019, panelists expect inflation to average 1.6%.


Author: Jean-Philippe Pourcelot, Economist

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Denmark Inflation Chart


Denmark Inflation April 2018

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


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