Denmark Inflation


Denmark: Inflation stable in June

July 10, 2014

In June, consumer prices fell 0.1% over the previous month, which mirrored the decrease recorded in the previous month. According to Statistics Denmark (DST), the figure mainly reflects lower prices for leisure and culture as well as for healthcare.

Annual headline inflation was stable at May’s 0.5% in June. Annual average inflation was also stable at May’s 0.6%, which is the lowest rate on record. HICP inflation (based on the harmonized index of consumer prices) inched up from 0.3% in May to 0.4% in June, while annual average HICP inflation remained at May’s 0.4%.

The Central Bank expects HICP inflation of 1.8% in both 2014 and 2015. FocusEconomics Consensus Forecast panelists expect inflation to average 0.9% in 2014, which is down 0.2 percentage points from last month’s estimate. For 2015, panelists expect inflation to average 1.5%.

Author:, Senior Economist

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Denmark Inflation Chart

Denmark Inflation June 2014

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

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