Denmark Inflation February 2017

Denmark

Denmark: Inflation remains at over three-year high

March 10, 2017

Consumer prices rose 0.8% in February compared to the prior month, up from January’s flat reading. According to Statistics Denmark (DST), the result was driven by higher prices for food and non-alcoholic beverages, clothing and footwear and furnishings and household services.

Inflation came in at 1.0% in February, up slightly from January’s 0.9% reading and marking the highest rate since January 2014. The Harmonized Index of Consumer Prices (HICP) climbed 0.9% in February from the same month of the previous year. (January: +0.7 year-on-year).

FocusEconomics Consensus Forecast panelists expect inflation to average 1.2% in 2017, which is unchanged from last month’s estimate. For 2018, panelists expect inflation to average 1.6%.


Author: Marlène Rump, Senior Data Analyst

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Denmark Inflation February 2017

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


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