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Denmark Inflation

Denmark Inflation

Inflation in Denmark

Consumer price inflation in Denmark averaged 1.5% in the ten years to 2022. The 2022 average figure was 7.7%. For more inflation information, visit our dedicated page.

Denmark Inflation Chart

Note: This chart displays Inflation Rate (CPI, annual variation in %) for Denmark from 2014 to 2023.
Source: Statistics Denmark.

Denmark Inflation Data

2018 2019 2020 2021 2022
Inflation (CPI, ann. var. %, aop) 0.8 0.8 0.4 1.9 7.7
Inflation (CPI, ann. var. %, eop) 0.8 0.8 0.5 3.1 8.7
Inflation (Core, ann. var. %, aop) 0.7 0.8 0.9 1.1 4.7
Inflation (PPI, ann. var. %, aop) 4.3 -0.6 -2.7 13.6 28.9

Inflation increases in January

Inflation rose to 1.2% in January, above December’s 0.7%. January's result marked the highest inflation rate since August 2023. Looking at the details of the release, January’s acceleration was primarily due to a less pronounced fall prices for housing and utilities. Still, the trend pointed down, with annual average inflation coming in at 2.8% in January (December: 3.3%). Meanwhile, core inflation edged down to 2.5% in January, from the previous month's 2.6%. Lastly, consumer prices increased a seasonally adjusted 0.94% over the previous month in January, swinging from the 0.51% fall seen in December. January's figure marked the highest reading since July 2023.

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 11 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

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