Denmark Inflation June 2016

Denmark

Denmark: Inflation rises slightly in June

July 13, 2016

In June, consumer prices increased 0.1% on a monthly basis, which was a notch lower than the 0.2% increase observed in the previous month. According to Statistics Denmark (DST), the figure mainly reflected higher prices for healthcare, transport and restaurants as well as for housing. Conversely, prices for clothing and footwear fell.

Following the 0.1% reading recorded in May, inflation inched up to 0.3% in June, which was the highest result in four months. Harmonized consumer prices rose 0.1% on an annual basis, which was above May’s reading (-0.1% year-on-year). Finally, annual average HICP inflation inched down from 0.2% in May to 0.1% in June.

FocusEconomics Consensus Forecast panelists expect inflation to average 0.7% in 2016, which is down 0.2 percentage points from last month’s estimate. For 2017, panelists expect inflation to average 1.5%.


Author:, Economist

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