Denmark Inflation July 2018


Denmark: Inflation stable in July

August 10, 2018

Consumer prices rose 0.8% month-on-month in July, contrasting June’s 0.1% decline. According to Statistics Denmark, July’s figure was driven by higher prices for services—particularly leisure and culture; and restaurants and hotels. In contrast, prices for goods declined on sharply lower clothing and footwear prices.

Inflation came in at 1.1% in July, unchanged from June’s print, while annual average inflation was also steady at 1.1%.

FocusEconomics Consensus Forecast panelists expect inflation to average 0.9% in 2018. For 2019, panelists expect inflation to average 1.4%.


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Denmark Inflation Chart

Denmark Inflation July 2018

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

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