Producer Prices in Denmark
Denmark - Producer Prices
Inflation comes in at highest level in over a decade in October
Consumer prices increased a seasonally-adjusted 0.95% in October over the previous month, picking up markedly from September's 0.28% rise. October's uptick marked the highest reading since February 2015. Looking at the details of the release, higher prices for electricity, as well as for transport compared to the previous month contributed to the acceleration.
Inflation increased to 3.0% in October, following September’s 2.2%. October's result marked the highest inflation rate since July 2011. Meanwhile, the trend pointed up mildly, with annual average inflation coming in at 1.4% in October (September: 1.2%). Lastly, core inflation rose to 1.4% in October, from the previous month's 1.3%.
FocusEconomics Consensus Forecast panelists expect inflation to average 1.4% in 2022, which is up 0.1 percentage points from last month’s forecast. For 2023, panelists project inflation to average 1.4%.
Denmark - Producer Prices Data
|Inflation (PPI, annual variation in %)||0.6||0.0||1.4||1.2||0.5|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||-0.15||-1.54 %||Jan 01|
|Exchange Rate||6.66||-0.57 %||Jan 01|
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November 15, 2021
Economic activity was robust in the third quarter, according to a preliminary release.
November 10, 2021
Consumer prices increased a seasonally-adjusted 0.95% in October over the previous month, picking up markedly from September's 0.28% rise.
November 5, 2021
Industrial output sank 5.6% in month-on-month seasonally-adjusted terms in September, which was a deterioration from August's 5.1% increase.
October 28, 2021
Business confidence jumped to a 91-month high of 10.0 in October, up from September’s 3.0.
October 21, 2021
Consumer confidence fell to 3.3 in October from September's over three-year high of 8.2.