Denmark Inflation


Denmark: Inflation stable in July

August 10, 2015

In July, consumer prices dropped 0.08% over the previous month, which was below the flat reading seen in June and marked a six-month low. According to Statistics Denmark (DST), the figure mainly reflected lower prices for clothing and shoes.

Inflation in July was stable at June’s 0.7%, thus remaining at the highest level in nearly a year. Annual harmonized consumer prices increased 0.5% in July, which came in above the 0.4% increase tallied in June. Moreover, annual average HICP inflation held steady in July at June’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 July 2015

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

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