Denmark Inflation July 2016

Denmark

Denmark: Inflation stabilizes in July

August 10, 2016

In July, consumer prices fell 0.1% on a monthly basis, which contrasted the 0.1% increase observed in the previous month. According to Statistics Denmark (DST), the figure mainly reflected lower prices for clothing and footwear and communication. Conversely, prices for restaurants and hotels rose.

Inflation rested at June’s four-month high of 0.3% in July. HICP inflation, which is based on the harmonized index of consumer prices, came in at 0.1% in July, matching June’s result. Finally, annual average HICP inflation was also stable in July, remaining at June’s 0.1%.

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: Teresa Kersting, Economist

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Denmark Inflation July 2016 0

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


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