Denmark's annual inflation rate decreased to 1.0 percent in April 2019 from 1.2 percent in the previous month. It was the lowest inflation rate since December last year, as inflation slowed for both food and non-alcoholic beverages (0.6 percent vs 1.7 percent in March) and recreation & culture (2.1 percent vs 2.2 percent) while miscellaneous goods and services prices fell (-0.4 percent from 0.6 percent). Meantime, prices increased faster for: transport (2.9 percent vs 2.0 percent); housing & utilities inflation slowed (1.2 percent vs 1.1 percent), and restaurants & hotels (1.5 percent vs 1.2 percent). On a monthly basis, consumer prices went up 0.2 percent, after a 0.1 percent gain in the previous month. The harmonized index of consumer prices increased by 0.8 percent year-on-year in April, easing from a 1.2 percent rise in March. Inflation Rate in Denmark averaged 2.89 percent from 1981 until 2019, reaching an all time high of 13 percent in June of 1981 and a record low of -0.10 percent in January of 2015.
Inflation Rate in Denmark is expected to be 0.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Denmark to stand at 1.50 in 12 months time. In the long-term, the Denmark Inflation Rate is projected to trend around 1.90 percent in 2020, according to our econometric models.