Denmark Inflation March 2017

Denmark

Denmark: Inflation unchanged in March

April 10, 2017

Consumer prices rose 0.1% in March compared to the prior month, down from February’s 0.8% increase. According to Statistics Denmark (DST), the result was driven by lower prices for food and non-alcoholic beverages, which were offset by higher prices for clothing and footwear.

Inflation came in at 1.0% in March, mirroring February’s figure and marking the highest rate since January 2014. The Harmonized Index of Consumer Prices (HICP) climbed 0.9% in March from the same month of the previous year. (February: +0.9 year-on-year).

FocusEconomics Consensus Forecast panelists expect inflation to average 1.3% in 2017, which is up 0.1 percentage points from last month’s estimate. For 2018, panelists expect inflation to average 1.6%.


Author: Marlène Rump, Senior Data Analyst

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Denmark Inflation March 2017

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


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