Inflation in Denmark
Denmark - Inflation
Inflation comes in at highest level in nearly four decades in June
Consumer prices increased a seasonally-adjusted 0.80% over the previous month in June, below May's 0.90% increase. June's result marked the weakest reading since March. The result was driven by moderating price pressures for transportation and food and non-alcoholic beverages. Moreover, prices for recreation and culture grew at a more subdued pace.
Inflation came in at 8.2% in June, up from May’s 7.4%. June's reading marked the highest inflation rate since February 1983. Consequently, the trend pointed up, with annual average inflation rising to 4.3% in June (May: 3.8%). Lastly, core inflation rose to 4.8% in June, from May’s 4.4%.
FocusEconomics Consensus Forecast panelists expect inflation to average 5.7% in 2022, which is up 0.4 percentage points from last month’s forecast. For 2023, panelists project inflation to average 2.7%.
Denmark - Inflation Data
|Inflation Rate (CPI, annual variation in %)||0.5||0.3||1.1||0.8||0.8|
5 years of economic forecasts for more than 30 economic indicators.
Denmark Inflation Chart
Source: Statistics Denmark (DST) and FocusEconomics calculations.
|Bond Yield||-0.15||-1.54 %||Jan 01|
|Exchange Rate||6.66||-0.57 %||Jan 01|
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August 8, 2022
Manufacturing output expanded 1.1% in month-on-month seasonally-adjusted terms in June, which was a deterioration from May's 3.1% increase.
July 28, 2022
Business sentiment came in at minus 9.0 in July, matching June's reading.
July 20, 2022
Consumer sentiment came in at minus 25.6 in July, down from June's minus 24.8.
July 11, 2022
Consumer prices increased a seasonally-adjusted 0.80% over the previous month in June, below May's 0.90% increase.
July 7, 2022
Manufacturing output grew 2.8% in month-on-month seasonally-adjusted terms in May, which was above April's 0.1% increase.