Denmark's annual inflation rate inched up 0.6 percent in September of 2020 from 0.5 percent in the previous month, still the most since February. Housing & utilities inflation was steady (at 0.6%) while food & non-alcoholic beverages inflation eased (0.1% vs 0.7%). Meantime, prices continued to rise for both health (1.0% vs 1.4%) and recreation & culture (0.1% vs 0.6%). In addition, prices fell less for transport (-0.8% vs -0.9%); restaurants & hotels (-0.5% vs -2.7%) and furniture & household equipment (-0.6% vs -2.2%). On the other hand, prices of clothing & footwear dropped (-0.5% vs 1.0%). On a monthly basis, consumer prices edged down 0.1 percent, after a 0.4 percent fall in August. The harmonized index of consumer prices went up 0.5 percent in September, following a 0.4 percent gain in the prior month.

Inflation Rate in Denmark averaged 2.81 percent from 1981 until 2020, reaching an all time high of 13 percent in June of 1981 and a record low of -0.10 percent in January of 2015. This page provides - Denmark Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Denmark Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Statistics Denmark

Inflation Rate in Denmark is expected to be 0.40 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 1.30 in 12 months time. In the long-term, the Denmark Inflation Rate is projected to trend around 1.20 percent in 2021 and 2.00 percent in 2022, according to our econometric models.

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Denmark Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.50 13.00 -0.10 1981 - 2020 percent Monthly
2015=100


Calendar GMT Actual Previous Consensus TEForecast
2020-07-10 06:00 AM Jun 0.3% 0% 0.1%
2020-08-10 06:00 AM Jul 0.5% 0.3% 0.4%
2020-09-10 06:00 AM Aug 0.5% 0.5% 0.3%
2020-10-12 06:00 AM Sep 0.6% 0.5% 0.6%
2020-11-10 07:00 AM Oct 0.6%
2020-12-10 07:00 AM Nov


News Stream
Danish Inflation Rate Accelerates to 7-Month High
Denmark's annual inflation rate inched up 0.6 percent in September of 2020 from 0.5 percent in the previous month, still the most since February. Housing & utilities inflation was steady (at 0.6%) while food & non-alcoholic beverages inflation eased (0.1% vs 0.7%). Meantime, prices continued to rise for both health (1.0% vs 1.4%) and recreation & culture (0.1% vs 0.6%). In addition, prices fell less for transport (-0.8% vs -0.9%); restaurants & hotels (-0.5% vs -2.7%) and furniture & household equipment (-0.6% vs -2.2%). On the other hand, prices of clothing & footwear dropped (-0.5% vs 1.0%). On a monthly basis, consumer prices edged down 0.1 percent, after a 0.4 percent fall in August. The harmonized index of consumer prices went up 0.5 percent in September, following a 0.4 percent gain in the prior month.
2020-10-12
Danish Inflation Rate Stays at 5-Month High
Denmark's annual inflation rate came in at 0.5 percent in August of 2020, unchanged from the previous month, still the most since February. Inflation was steady for both housing & utilities (at 0.6%) and food & non-alcoholic beverages (at 0.7%). Meantime, prices rose softer for both clothing & footwear (1.0% vs 1.8%) and health (1.4% vs 1.7%) while recreation & culture prices rebounded (0.6% vs -0.2%). On the other hand, prices fell for transport (-0.9% vs -1.2%); restaurants & hotels (-2.7% vs -0.4%) and furniture & household equipment (-2.2% vs 0.6%). On a monthly basis, consumer prices dropped 0.4 percent, after a 0.8 percent gain in July. The harmonized index of consumer prices went up 0.4 percent in August, the same pace as in the prior month.
2020-09-10
Danish Inflation Rate at 5-Month High of 0.5%
Denmark's annual inflation rate increased to 0.5 percent in July of 2020, the most since February, from 0.3 percent in the previous month. Inflation accelerated for both housing & utilities (0.6 percent vs 0.2 percent in June) and clothing & footwear (1.8% vs 1.7%). In addition, deflation eased for transport (-1.2% vs -1.5%), restaurants & hotels dropped (-0.4% vs -2.0%). Meantime, inflation slowed for: food & non-alcoholic beverages (0.7% vs 0.8%); furniture & household equipment (0.6% vs 0.7%); health (1.7% vs 2.7%), while prices of recreation & culture fell (-0.2% vs 0.9%). On a monthly basis, consumer prices rose 0.8 percent, following a 0.1 percent gain in June. The harmonized index of consumer prices were up 0.4 percent in July, after a 0.2 percent rise in the prior month.
2020-08-10
Danish Consumer Prices Rise 0.3% YoY in June
Consumer prices in Denmark increased 0.3 percent year-on-year in June of 2020, after a flat reading in the previous two months. Housing & utilities prices rose 0.2 percent in June, after being flat in May. Also, prices recovered for both furniture & household equipment (0.7% vs -0.8%) and clothing & footwear (1.7% vs -2.7%), while that of health rose faster (2.7% vs 2.4%). In addition, transport prices fell less (-1.5% vs -3.6%). On the other hand, prices continued to increase for food & non-alcoholic beverages (0.8% vs 1.2%); recreation & culture (0.9%, the same pace as in May). Conversely, prices of restaurants & hotels dropped (-2.0% vs 1.5%). On a monthly basis, consumer prices inched up 0.1 percent, following a 0.1 percent drop in May. The harmonized index of consumer prices went up 0.2 percent in June, after a 0.2 percent fall in the prior month.
2020-07-10

Denmark Inflation Rate
In Denmark, the most important category in the consumer price index is Housing and Utilities (29.4 percent of total weight). Food and Non-Alcoholic Beverages accounts for 12.2 percent; Transport for 11.8 percent; Recreation and Culture for 10.9 percent; Miscellaneous Goods and Services for 9.6 percent and Restaurants and Hotels for 6.2 percent. Furniture, Household Goods and Maintenance; Clothing and Footwear; Alcoholic beverages and Tobacco; Health; Communication and Education account for the remaining 19.9 percent of total weight.