Denmark Inflation

Denmark

Denmark: Inflation picks up slightly in May

June 10, 2013

In May, consumer prices rose 0.1% over the previous month, contrasting the 0.2% drop tallied in April. According to Statistics Denmark (DST), the print reflects higher prices for household equipment and healthcare.

Annual headline inflation rose from 0.8% in April to 0.9% in May. Owing to the subdued year-on-year increase, annual average inflation fell from 1.9% in April to 1.8% in May. Meanwhile, HICP inflation (based on the harmonized index of consumer prices) picked up from 0.4% in April to 0.6%. As a result, annual average HICP fell from 1.8% in April to 1.6% in May.

The Central Bank expects HICP inflation to reach 2.5% this year and 1.8% the next. FocusEconomics Consensus Forecast panellists expect inflation to average 1.8% in 2013, which is unchanged from last month's forecast. For 2014, panellists expect inflation to average 1.9%.


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Denmark Inflation Chart


Denmark Inflation May 2013

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


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