Latest reading: Consumer prices were up 0.7% on a year-on-year basis in May, following a 0.6% increase in the previous...
Inflation in Denmark
Consumer price inflation in Denmark averaged 1.7% in the ten years to 2024, in line with the Nordic Economies regional average of 2.4%. The 2024 average figure was 1.4%. For more information on inflation, visit our dedicated page.
Denmark Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Denmark from 2014 to 2025.
Source: Macrobond.
Denmark Inflation Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 1.8 | 7.7 | 3.3 | 1.4 | 1.9 |
| Inflation (CPI, ann. var. %, eop) | 3.1 | 8.7 | 0.7 | 1.9 | 1.9 |
| Inflation (Core, ann. var. %, aop) | 1.2 | 4.7 | 4.8 | 1.5 | 2.0 |
| Inflation (PPI, ann. var. %, aop) | 13.6 | 28.9 | -0.3 | 3.4 | 6.4 |
Inflation accelerates in April from March
Latest reading: Consumer prices were up 1.4% on a year-on-year basis in April, following a 1.2% increase in the prior month. The moderate uptick in April inflation was mainly driven by rising fuel prices. Relative to the previous month's figures, there were higher price pressures for housing and utilities (0.0% on a year-on-year basis vs -0.3% in March), transportation (+3.3% vs +2.2% in March) and food and non-alcoholic beverages (+2.7% vs +1.8% in March). In contrast, price pressures reduced for clothing and footwear in April (-0.1% vs 0.0% in March). Meanwhile, core consumer prices rose 1.6% on a year-on-year basis in April, following a 1.7% increase in the prior month. Finally, consumer prices were up 0.24% in April in month-on-month terms, following a 0.04% fall in the previous month.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Danish inflation projections for the next ten years from a panel of 12 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Danish inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Danish inflation projections.
Want to get access to the full dataset of Danish inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
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Malaysia: Inflation rises in April from the prior month Latest reading: Consumer prices increased 1.9% in annual terms in April, following a 1.7% increase in the prior month. April’s... -
Ireland: Inflation is stable in April Latest reading: Harmonized consumer prices were up 3.6% on a year-on-year basis in April, unchanged from the prior month’s reading....