Denmark Inflation May 2021


Denmark: Inflation records over seven-year high in May

June 10, 2021

Consumer prices rose a seasonally-adjusted 0.19% over the previous month in May, below April's 0.38% increase. Looking at the details of the release, the result was due to softer price growth for food and non-alcoholic beverages.

Inflation came in at 1.7% in May, up from April’s 1.5%. May's reading was the highest inflation rate since December 2012. Consequently, the trend pointed up, with annual average inflation coming in at 0.7% in May (April: 0.6%). Lastly, core inflation rose to 1.3% in May, from April’s 0.9%.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.1% in 2021, which is up 0.1 percentage points from last month’s forecast. For 2022, panelists project inflation to average 1.2%.

Author:, Junior Economist

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Denmark Inflation Chart

Denmark Inflation May 2021

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

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