Inflation in Denmark

Denmark Inflation | Economic News & Forecasts

Denmark - Inflation

Consumer prices are flat in annual terms in May

Consumer prices fell a seasonally-adjusted 0.10% over the prior month in May, in line with the 0.10% drop seen in April. Looking at the details of the release, housing and utilities prices fell at a moderate rate in May. Price pressures for transportation also dropped.

Consumer prices were flat in annual terms in May, matching April's result. Meanwhile, the trend was unchanged, with annual average inflation coming in at April's 0.5%. Core inflation fell to 0.7% from April’s 0.8%.

Looking ahead, price pressures are seen picking up slightly, but soft economic activity and continuing low oil prices will keep inflation low nonetheless.

FocusEconomics Consensus Forecast panelists expect inflation to average 0.4% in 2020, which is down 0.2 percentage points from last month’s forecast. For 2021, panelists project inflation to average 1.0%.

Denmark - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)0.5  0.3  1.1  0.8  0.8  

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Denmark Inflation Chart

Denmark Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Statistics Denmark (DST) and FocusEconomics calculations.

Denmark Facts

Value Change Date
Bond Yield-0.15-1.54 %Jan 01
Exchange Rate6.66-0.57 %Jan 01

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