Denmark Inflation


Denmark: Inflation stabilizes in September

October 11, 2014

In September, consumer prices increased 0.31% over the previous month, which contrasted August’s 0.15% decline. According to Statistics Denmark (DST), the figure mainly reflected higher prices for clothing and footwear as well as for recreation and culture.

Annual headline inflation stabilized at August’s 0.5%. Likewise, annual average inflation was stable at August’s 0.6%. In addition, HICP inflation (based on the harmonized index of consumer prices) remained unchanged at August’s 0.3%, while annual average HICP inflation remained steady at August’s 0.4%.

The Central Bank expects HICP inflation of 0.3% in 2014 and 1.3% in 2015. FocusEconomics Consensus Forecast panelists expect inflation to average 0.7% in 2014, which is down 0.1 percentage points from last month’s estimate. For 2015, panelists expect inflation to average 1.4%.

Author: Angela Bouzanis, Senior Economist

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Denmark Inflation Chart

Denmark Inflation September 2014

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

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