Denmark: Inflation stable in December

According to Statistics Denmark, consumer prices fell 0.3% over the prior month in December, matching November’s dip. The fall was primarily due to lower prices for transport as a result of the drop in crude oil prices during the month.

Inflation remained steady at November’s 0.8% in December. Meanwhile, annual average inflation was also stable at 0.8% in 2018, down from 1.1% in 2017.

Denmark Inflation Forecast

FocusEconomics Consensus Forecast panelists expect inflation to average 1.3% in 2019, which is down 0.1 percentage points from last month’s forecast. For 2020, panelists expect inflation to average 1.6%.