Inflation in Denmark
Denmark - Inflation
Inflation hits over eight-year high in August
Consumer prices fell a seasonally-adjusted 0.19% in August over the previous month, swinging from July's 0.67% rise. August's result marked the weakest reading since December 2020. Looking at the details of the release, food and non-alcoholic beverages prices dropped in August compared to the previous month and prices for transportation also fell.
Inflation increased to 1.8% in August, slightly above July’s 1.6%. August's result represented the highest inflation rate since December 2012. Meanwhile, the trend pointed up mildly, with annual average inflation coming in at 1.0% in August (July: 0.9%). Lastly, core inflation ticked up to 1.0% in August, from the previous month's 0.9%.
FocusEconomics Consensus Forecast panelists expect inflation to average 1.3% in 2021, which is up 0.1 percentage points from last month’s forecast. For 2022, panelists project inflation to average 1.3%, which is also up 0.1 percentage points from the prior month’s estimate.
Denmark - Inflation Data
|Inflation Rate (CPI, annual variation in %)||0.5||0.3||1.1||0.8||0.8|
5 years of economic forecasts for more than 30 economic indicators.
Denmark Inflation Chart
Source: Statistics Denmark (DST) and FocusEconomics calculations.
|Bond Yield||-0.15||-1.54 %||Jan 01|
|Exchange Rate||6.66||-0.57 %||Jan 01|
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September 22, 2021
Consumer confidence came in at 8.2 in September, up from August's 4.4 and marked the best reading since July 2018.
September 10, 2021
Consumer prices fell a seasonally-adjusted 0.19% in August over the previous month, swinging from July's 0.67% rise.
September 7, 2021
Industrial output increased 3.4% in month-on-month seasonally-adjusted terms in July, which contrasted June's 4.3% decrease.
August 31, 2021
A second national accounts release confirmed that economic activity rebounded in the second quarter, increasing 2.3% on a seasonally-adjusted quarter-on-quarter basis (previously reported: +2.2% s.a.
August 30, 2021
Business confidence fell to a four-month low of 3.0 in August from July's over seven-year high of 7.0.