Inflation in Denmark

Denmark Inflation | Economic News & Forecasts

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  

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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

Bond Yield-0.38-1.54 %Jul 31
Exchange Rate6.74-0.57 %Jul 31
Stock Market999-0.39 %Jul 31

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