Denmark Inflation

Denmark

Denmark: Inflation unchanged in October

November 10, 2014

In October, consumer prices increased 0.08% over the previous month, which was below September’s 0.31% rise. According to Statistics Denmark (DST), the figure mainly reflected higher prices for electricity, cars and natural gas, which were partly offset by declining prices for gasoline and furniture.

Annual headline inflation in October remained unchanged at both September and August’s 0.5%. Likewise, annual average inflation was stable at September’s 0.6%. In addition, HICP inflation (based on the harmonized index of consumer prices) remained unchanged at September’s 0.3%, while annual average HICP inflation remained at September’s 0.4%.

The Central Bank expects HICP inflation of 0.3% in 2014 and 1.3% in 2015. FocusEconomics Consensus Forecast panelists expect inflation to average 0.7% in 2014, which is unchanged from last month’s estimate. For 2015, panelists expect inflation to average 1.3% which is down 0.1 percentage points from the previous month’s forecast.


Author: Angela Bouzanis, Senior Economist

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Denmark Inflation Chart


Denmark Inflation October 2014

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


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