Denmark Inflation January 2018

Denmark

Denmark: Inflation slows in January

February 12, 2018

Consumer prices fell 0.3% compared to the previous month in January, matching December’s result. As in December, lower prices for clothing and footwear explained most of the overall decline in prices, according to Statistics Denmark (DST). Meanwhile, prices for alcoholic beverages, electricity, and non-alcoholic beverages rose.

Inflation decreased to 0.7% in January, down from 1.0% in December. Annual average inflation decreased marginally to 1.1% in January (December: 1.2%).

The Harmonized Index of Consumer Prices (HICP) increased 0.6% year-on-year in January, down from 0.8% in December, while annual average HICP remained stable at December’s 1.1%.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.4% in 2018, which is unchanged from last month’s estimate. For 2019, panelists expect inflation to average 1.6%.


Author:, Economist

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Denmark Inflation Chart


Denmark Inflation January 2018

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


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