Denmark Inflation

Denmark

Denmark: Inflation stable in August

September 10, 2015

In August, consumer prices dropped 0.30% over the previous month, which was below the 0.08% drop seen in July and marked a seven-month low. According to Statistics Denmark (DST), the figure mainly reflected lower prices for food and non-alcoholic beverages.

Inflation inched down from 0.7% in July to 0.5% in August, which marked the lowest reading in four months. Annual harmonized consumer prices increased 0.3% in August, which came in below the 0.5% increase tallied in July. Finally, annual average HICP inflation held steady in August at July’s 0.2%.

The Central Bank expects HICP inflation of 0.8% in 2015 and 1.7% in 2016. FocusEconomics Consensus Forecast panelists expect inflation to average 0.7% in 2015, which is down 0.2 percentage points from last month’s estimate. For 2016, panelists expect inflation to average 1.5%.


Author:, Senior Economist

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Denmark Inflation Chart


Denmark Inflation August 2015

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


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