Inflation in Denmark
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
|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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June 29, 2020
Business confidence among firms in the manufacturing sector rose to minus 16 in June from May's minus 26 on the back of improved sentiment regarding production.
June 22, 2020
Consumer confidence came in at minus 3.1 in June, up from May's minus 8.8.
June 10, 2020
Consumer prices fell a seasonally-adjusted 0.10% over the prior month in May, in line with the 0.10% drop seen in April.
May 29, 2020
The economy shrank 2.1% in the first quarter in seasonally-adjusted quarter-on-quarter terms (Q4: +0.4% qoq, previously reported: +0.6% qoq) as Covid-19 hit activity.
Denmark: Business confidence in the industrial sector retreats further in May, hints at weak fixed investment
May 28, 2020
Business confidence among firms in the industrial sector fell from minus 22 points in April to minus 26 points in May, marking the lowest reading since April 2009.