Denmark Inflation December 2019


Denmark: Inflation picks up slightly in December

January 10, 2020

Consumer prices fell 0.2% in month-on-month terms in December, matching November’s print. The fall was driven by lower prices for food and non-alcoholic beverages, and alcoholic beverages and tobacco.

Meanwhile, inflation ticked up to 0.8% in December from 0.7% in November, while annual average inflation was unchanged at 0.8%.

Looking ahead, a solid labor market, ultra-low mortgage rate and stronger domestic demand should lead to a modest increase in inflationary pressure this year.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.2% in 2020, which is unchanged from last month’s forecast. For 2021, panelists project inflation to average 1.4%.

Author:, Economist

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Denmark Inflation Chart

Denmark Inflation December 2019

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

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