Inflation in Denmark

Denmark Inflation | Economic News & Forecasts

Denmark - Inflation

Inflation recedes in December

Consumer prices fell a seasonally-adjusted 0.47% over the previous month in December, contrasting the 0.28% increase recorded in November. December's result marked the sharpest fall in prices since January 2015. The decline was driven by moderating price pressures for housing and utilities and falling prices for food and non-alcoholic beverages, as well as for transport.

Inflation came in at 3.1% in December, which was down from November’s 3.4%. Still, annual average inflation rose to 1.9% in December (November: 1.6%). Finally, core inflation edged down to 1.5% in December, from the previous month's 1.6%.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.6% in 2022, which is unchanged from last month’s forecast. For 2023, panelists project inflation to average 1.3%.

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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