Denmark Inflation November 2018

Denmark

Denmark: Inflation stable in November

December 10, 2018

Consumer prices fell 0.3% over the prior month in November, contrasting the 0.3% increase logged in October. According to Statistics Denmark, the fall was primarily due to lower prices for transport as a result of the drop in oil prices during the month, while holiday packages also experienced lower prices.

Inflation remained steady at October’s 0.8% in November. The main contributor to inflation in November was higher costs for rent, fuel, and electricity. Meanwhile annual average inflation ticked down to 0.8% in November from 0.9% in October.

Denmark Inflation Forecast


FocusEconomics Consensus Forecast panelists expect inflation to average 1.4% in 2019, which is unchanged from last month’s forecast. For 2020, panelists expect inflation to average 1.7%.


Author:, Economist

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Denmark Inflation Chart


Denmark Inflation November 2018

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


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