Denmark Inflation November 2016

Denmark

Denmark: Inflation rises slightly in November

December 12, 2016

Consumer prices in Denmark fell by 0.1% in November compared to the prior month, below the 0.2% figure recorded in October. According to Statistics Denmark (DST), the fall was driven by lower prices for transport, household equipment, recreation and culture, and restaurants and hotels.

Inflation came in at 0.4% in November, which was above the 0.3% registered in October and marked the highest rate since January. The Harmonized Index of Consumer Prices (HICP) climbed 0.1% in November, mirroring October’s figure, while annual average HICP inflation was flat in November, identical to October’s reading.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.3% in 2017, which is unchanged from last month’s estimate. For 2018, panelists expect inflation to average 1.6%.


Author:, Economist

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Denmark Inflation November 2016

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


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