Latest reading: Inflation climbed to 11.8% in June from May’s 11.3%, marking the joint-highest rate since August 2023. The reading...
Inflation in Denmark
Consumer price inflation in Denmark averaged 0.6% in the ten years to 2024, in line with the Nordic Economies regional average of 0.6%. 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 2024 to 2023.
Source: Macrobond.
Denmark Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 0.4 | 1.9 | 7.7 | 3.3 | 1.4 |
| Inflation (CPI, ann. var. %, eop) | 0.5 | 3.1 | 8.7 | 0.7 | 1.9 |
| Inflation (Core, ann. var. %, aop) | 0.9 | 1.1 | 4.7 | 4.8 | 1.5 |
| Inflation (PPI, ann. var. %, aop) | -2.7 | 13.6 | 28.9 | -0.3 | 3.4 |
Inflation inches up in May
Latest reading: Inflation ticked up to 1.6% in May from April’s 1.5%. The uptick was primarily driven by a rise in food inflation more than offsetting easing price pressures for housing and utilities and falling transport costs. Annual average inflation remained at April's 1.6% in May. Meanwhile, core inflation fell to 1.6% in May from the previous month's 1.7%. Finally, consumer prices rose 0.08% in May over the previous month, unchanged from April's reading.
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 info@focus-economics.com.
Latest Global Inflation News
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