Inflation in Denmark
Denmark - Inflation
Inflation eases from over one-year high in February
According to Statistics Denmark, consumer prices climbed 0.5% over the prior month in February, up from the 0.2% rise registered in January. The uptick came on the back of higher prices for clothing and footwear; transport; leisure and culture. On the other hand, prices for furnishings and household services fell in the month.
Inflation softened to 1.1% in February from an over one-year high of 1.3% in January. Meanwhile, annual average inflation was stable at January’s 0.9% in February.
FocusEconomics Consensus Forecast panelists expect inflation to average 1.1% in 2019, which is down 0.2 percentage points from last month’s forecast. For 2020, panelists expect inflation to average 1.6%.
Denmark - Inflation Data
|Inflation Rate (CPI, annual variation in %)||0.8||0.6||0.5||0.3||1.2|
5 years of economic forecasts for more than 30 economic indicators.
Denmark Inflation Chart
Source: Statistics Denmark (DST) and FocusEconomics calculations.
|Bond Yield||0.17||-1.54 %||Mar 20|
|Exchange Rate||6.54||-0.57 %||Mar 20|
|Stock Market||1,022||-0.39 %||Mar 20|
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March 21, 2019
Consumer confidence regained some ground in March, with the consumer confidence index released by Statistics Denmark rose to 3.8 points in March from 3.3 points in February.
March 11, 2019
According to Statistics Denmark, consumer prices climbed 0.5% over the prior month in February, up from the 0.2% rise registered in January.
February 28, 2019
According to the latest national accounts data, released by Statistics Denmark on 28 February, the economy grew at a downwardly revised 0.7% pace in seasonally adjusted quarterly terms in the fourth quarter of 2018 (previously reported: +0.8% quarter-on-quarter), accelerating from Q3’s revised 0.4% growth (previously reported: +0.7% qoqsa).
February 27, 2019
According to a survey conducted by Statistics Denmark, business confidence among firms in the industrial sector ticked down to minus 6 points in February from minus 5 points in January, inching further below the critical zero-point threshold that separates optimism from pessimism in the sector. The continued decline in confidence in the industrial sector was largely driven by firms’ less optimistic assessment of production, while stocks of finished goods rose higher in the month.
February 20, 2019
In February, consumer confidence dissipated somewhat, with the consumer confidence index released by Statistics Denmark falling to 3.3 points from 3.9 points in January.