Denmark Inflation December 2021

Denmark

Denmark: Inflation recedes in December

January 10, 2022

Consumer prices fell a seasonally-adjusted 0.47% over the previous month in December, contrasting the 0.28% increase recorded in November. December's result marked the sharpest fall in prices since January 2015. The decline was driven by moderating price pressures for housing and utilities and falling prices for food and non-alcoholic beverages, as well as for transport.

Inflation came in at 3.1% in December, which was down from November’s 3.4%. Still, annual average inflation rose to 1.9% in December (November: 1.6%). Finally, core inflation edged down to 1.5% in December, from the previous month's 1.6%.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.6% in 2022, which is unchanged from last month’s forecast. For 2023, panelists project inflation to average 1.3%.


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Denmark Inflation December 2021

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


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