Denmark Inflation June 2018

Denmark

Denmark: Inflation stable in June

July 10, 2018

Consumer prices fell 0.1% month-on-month in June, contrasting May’s 0.2% increase. According to Statistics Denmark, the decrease was driven by lower prices for clothes; furniture and home furnishings; and milk, cheese and eggs.

Inflation came in at 1.1% in June, stable from May’s print. Annual average inflation was also steady at 1.1%, matching May’s figure. Harmonized inflation (based on the Harmonized Index of Consumer Prices, HICP) inched up to 1.1% in June, from 1.0% in May. Meanwhile, annual average HICP inflation remained stable for the fifth consecutive month at May’s 1.0% reading.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.0% in 2018, which is up 0.1 percentage points from last month’s estimate. For 2019, panelists expect inflation to average 1.4%.


Author:, Economist

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Denmark Inflation June 2018

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


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