Inflation in Denmark
Denmark - Inflation
Inflation softens in July to near three-year low
Consumer prices rose 0.6% in month-on-month terms in June, contrasting the 0.2% decline logged in June. The increase was driven by a sharp rise in prices for leisure and culture, and hotels and restaurants. Meanwhile, transport and food and non-alcoholic beverages costs also rose in the month.
Meanwhile, inflation weakened to 0.4% in July from 0.6% in June, marking the lowest reading since October 2016, while annual average inflation ticked down to 0.8% in July from 0.9% in June.
FocusEconomics Consensus Forecast panelists expect inflation to average 1.1% in 2019, which is unchanged from last month’s forecast. For 2020, panelists project inflation to average 1.4%.
Denmark - Inflation Data
|Inflation Rate (CPI, annual variation in %)||0.8||0.6||0.5||0.3||1.1|
5 years of economic forecasts for more than 30 economic indicators.
Denmark Inflation Chart
Source: Statistics Denmark (DST) and FocusEconomics calculations.
|Bond Yield||-0.38||-1.54 %||Jul 31|
|Exchange Rate||6.74||-0.57 %||Jul 31|
|Stock Market||999||-0.39 %||Jul 31|
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August 22, 2019
The consumer confidence index released by Statistics Denmark rose to 6.3 in August from 2.9 in July.
August 14, 2019
According to Statistics Denmark’s preliminary GDP estimate which is based on production data, the economy grew 0.8% in seasonally-adjusted quarter-on-quarter terms in Q2 2019, accelerating from the 0.1% expansion registered in the first quarter.
August 12, 2019
Consumer prices rose 0.6% in month-on-month terms in June, contrasting the 0.2% decline logged in June.
July 24, 2019
The consumer confidence index released by Statistics Denmark fell to 2.9 in July from 5.8 points in June.
July 10, 2019
Consumer prices decreased 0.2% in June, following the 0.1% dip in May.