Argentina:
Inflation came in at 124.4% in August, up from July’s 113.4%. August’s figure represented the highest inflation rate since our...
Inflation in Denmark
Consumer price inflation in Denmark averaged 1.5% in the ten years to 2022. The 2022 average figure was 7.7%. For more inflation information, visit our dedicated page.
Denmark Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Denmark from 2014 to 2023.
Source: Macrobond.
Denmark Inflation Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 0.8 | 0.4 | 1.9 | 7.7 | 3.3 |
| Inflation (CPI, ann. var. %, eop) | 0.8 | 0.5 | 3.1 | 8.7 | 0.7 |
| Inflation (Core, ann. var. %, aop) | 0.8 | 0.9 | 1.1 | 4.7 | 4.8 |
| Inflation (PPI, ann. var. %, aop) | -0.6 | -2.7 | 13.6 | 28.9 | -0.3 |
Inflation slides in June
Inflation fell to 1.8% in June from May’s 2.2%. Looking at the details of the release, prices for transportation rose at a slower pace. Similarly, food and non-alcoholic beverages prices increased at a milder rate. Conversely, prices for housing and utilities grew at a faster pace in June. Meanwhile, the trend was unchanged, with annual average inflation coming in at May's 1.3% in June. Meanwhile, core inflation fell to 1.3% in June from the previous month's 1.6%. Lastly, consumer prices were unchanged over the previous month in June, mirroring May’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 12 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.
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