Denmark Inflation December 2016

Denmark

Denmark: Inflation rises slightly in December

January 10, 2017

Consumer prices in Denmark were unchanged in December compared to the prior month, which was slightly above the 0.1% decline recorded in November. According to Statistics Denmark (DST), the result was driven by higher prices for transportation and , food and non-alcoholic beverages.

Inflation came in at 0.5% in December, which was above the 0.4% registered in November, and marked the highest rate since January. The Harmonized Index of Consumer Prices (HICP) climbed 0.3% in December from the same month of the previous year (November: +0.1 year-on-year).

FocusEconomics Consensus Forecast panelists expect inflation to average 1.2% in 2017, which is down 0.1 percentage points from last month’s estimate. For 2018, panelists expect inflation to average 1.5%.


Author: Marlène Rump, Economist

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Denmark Inflation December 2016

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


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