Denmark Inflation June 2021

Denmark

Denmark: Inflation stable in June

July 12, 2021

Consumer prices increased a seasonally-adjusted 0.10% from the previous month in June, a smaller rise than the 0.19% seen in May. June's result marked the softest rise in prices in three months. Looking at the details of the release, the result was chiefly due to slower price increases for restaurants and hotels, while prices for food and non-alcoholic beverages were broadly stable. That said, transport price grew at a quicker pace.

Inflation was unchanged in June, coming in at May’s 1.7%. Meanwhile, the trend pointed up, with annual average inflation coming in at 0.8% in June (May: 0.7%). Lastly, core inflation was stable, coming in at May's 1.3% in June.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.1% in 2021, which is unchanged from last month’s forecast. For 2022, panelists project inflation to average 1.2%.


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Denmark Inflation June 2021

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


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