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
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 0.8 | 0.6 | 0.5 | 0.3 | 1.1 |
Denmark Inflation Chart
Source: Statistics Denmark (DST) and FocusEconomics calculations.
Denmark Facts
| Value | Change | Date | |
|---|---|---|---|
| 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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Economic News
Denmark: Consumer confidence improves in August
August 22, 2019
The consumer confidence index released by Statistics Denmark rose to 6.3 in August from 2.9 in July.
Denmark: Flash estimate shows economic growth revved up in second quarter
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.
Denmark: Inflation softens in July to near three-year low
August 12, 2019
Consumer prices rose 0.6% in month-on-month terms in June, contrasting the 0.2% decline logged in June.
Denmark: Consumer confidence wanes in July
July 24, 2019
The consumer confidence index released by Statistics Denmark fell to 2.9 in July from 5.8 points in June.
Denmark: Inflation eases further in June
July 10, 2019
Consumer prices decreased 0.2% in June, following the 0.1% dip in May.
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