Latest reading: Inflation returned in June, with consumer prices rising 0.1% year on year and contrasting May’s 0.1% annual drop....
Inflation in Denmark
Consumer price inflation in Denmark averaged 1.7% in the ten years to 2024, in line with the Nordic Economies regional average of 2.4%. The 2024 average figure was 1.4%. For more information on inflation, visit our dedicated page.
Denmark Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Denmark from 2024 to 2023.
Source: Macrobond.
Denmark Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 0.4 | 1.9 | 7.7 | 3.3 | 1.4 |
| Inflation (CPI, ann. var. %, eop) | 0.5 | 3.1 | 8.7 | 0.7 | 1.9 |
| Inflation (Core, ann. var. %, aop) | 0.9 | 1.1 | 4.7 | 4.8 | 1.5 |
| Inflation (PPI, ann. var. %, aop) | -2.7 | 13.6 | 28.9 | -0.3 | 3.4 |
Inflation inches up in May
Latest reading: Inflation ticked up to 1.6% in May from April’s 1.5%. The uptick was primarily driven by a rise in food inflation more than offsetting easing price pressures for housing and utilities and falling transport costs. Annual average inflation remained at April's 1.6% in May. Meanwhile, core inflation fell to 1.6% in May from the previous month's 1.7%. Finally, consumer prices rose 0.08% in May over the previous month, unchanged from April's reading.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Danish inflation projections for the next ten years from a panel of 11 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Danish inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Danish inflation projections.
Want to get access to the full dataset of Danish inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
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Qatar: Inflation comes back in June -
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Cyprus: Harmonized inflation rises in June Latest reading: Harmonized inflation came in at 0.5% in June, up from May’s 0.4%. Looking at the details of the... -
Croatia: Harmonized inflation increases in June Latest reading: Harmonized inflation edged up to 4.4% in June, following May’s 4.3%. Looking at the details of the release,... -
Greece: Harmonized inflation increases to over one-year high in June Latest reading: Harmonized inflation rose to 3.6% in June from May’s 3.3%. June’s figure represented the highest inflation rate since... -
Spain: Harmonized inflation rises in June Latest reading: Harmonized inflation came in at 2.3% in June, up from May’s 2.0%. The rebound was broad-based, with greater... -
France: Harmonized inflation rises in June Latest reading: Harmonized inflation came in at 0.9% in June, up from May’s 0.6% but well below the Euro area...