Inflation in Denmark

Denmark Inflation | Economic News & Forecasts

Denmark - Inflation

Inflation hits over eight-year high in August

Consumer prices fell a seasonally-adjusted 0.19% in August over the previous month, swinging from July's 0.67% rise. August's result marked the weakest reading since December 2020. Looking at the details of the release, food and non-alcoholic beverages prices dropped in August compared to the previous month and prices for transportation also fell.

Inflation increased to 1.8% in August, slightly above July’s 1.6%. August's result represented the highest inflation rate since December 2012. Meanwhile, the trend pointed up mildly, with annual average inflation coming in at 1.0% in August (July: 0.9%). Lastly, core inflation ticked up to 1.0% in August, from the previous month's 0.9%.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.3% in 2021, which is up 0.1 percentage points from last month’s forecast. For 2022, panelists project inflation to average 1.3%, which is also up 0.1 percentage points from the prior month’s estimate.

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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