Denmark's annual inflation rate inched higher to 0.8 percent in December 2019 from 0.7 percent in the previous month and above market consensus of 0.7 percent. This was the highest inflation rate since April, due to a faster rise in prices of housing & utilities (0.7% vs 0.6% in November), transport (1.8% vs 0.3%), and health (2.0% vs 1.5 %).Meantime, restaurants & hotels inflation was steady (at 1.7%), while furniture & household equipment prices were flat (vs 0.1%). On the other hand, prices went up softer for both food and non-alcoholic beverages (0.9% vs 1.2%) and recreation & culture (1.4% vs 1.6%). By contrast, clothing & footwear prices dropped more (-3.2% vs -2.8%). On a monthly basis, consumer prices went down 0.2 percent, the same pace as in the prior month. The harmonized index of consumer prices rose by 0.8 percent year-on-year in December, after a 0.6 percent rise in November. Inflation Rate in Denmark averaged 2.85 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. source: Statistics Denmark

Inflation Rate in Denmark is expected to be 1.10 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 1.40 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.

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Denmark Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.80 0.70 13.00 -0.10 1981 - 2019 percent Monthly
2015=100



Calendar GMT Actual Previous Consensus TEForecast
2019-10-10 06:00 AM Sep 0.5% 0.4% 0.5%
2019-11-11 07:00 AM Oct 0.6% 0.5% 0.4%
2019-12-10 07:00 AM Nov 0.7% 0.6% 0.7% 0.8%
2020-01-10 07:00 AM Dec 0.8% 0.7% 0.7% 0.9%
2020-02-10 07:00 AM Jan 0.8% 0.8%


News Stream
2019-12-10
Danish Inflation Rate at 6-Month High of 0.7%
Denmark's annual inflation rate increased to 0.7 percent in November 2019 from 0.6 percent in the previous month., and matching market consensus. This was the highest inflation rate since May, mainly due to a faster rise in prices of housing & utilities (0.6% vs 0.4% in October), while transport prices rebounded (0.3% vs -0.1% ). Also, prices advanced faster for both restaurants & hotels (1.7% vs 1.6%) and recreation & culture (1.6% vs 1.5%), while furniture & household equipment prices recovered (0.1% vs -0.2%). In addition, clothing & footwear prices dropped less (-2.8% vs -3.2%). On the other hand, prices went up softer for: health (1.5% vs 1.8 %); food and non-alcoholic beverages (1.2% vs 1.3%). On a monthly basis, consumer prices went down 0.2 percent, reversing from a 0.4 percent gan in the prior month. The harmonized index of consumer prices increased by 0.6 percent year-on-year in November, the same pace as in October.

2019-11-11
Danish Inflation Rate Rises to 4-Month High
Denmark's annual inflation rate increased to 0.6 percent in October 2019 from 0.5 percent in the previous month. This was the highest inflation rate since June, as inflation accelerated for both housing & utilities (0.4 percent vs 0.2 percent in September), and health (1.8 percent vs 1.6 percent), while food and non-alcoholic beverages inflation was steady (at 1.3 percent). In addition, prices fell less for both clothing & footwear (-3.2 percent vs -3.4 percent) and furniture & household equipment (-0.2 percent vs -0.3 percent). Meantime, inflation eased for restaurants & hotels (1.6 percent vs 1.9 percent) and recreation & culture (1.5 percent vs 1.6 percent). On the other hand, transport prices fell (-0.1 percent vs 0.1 percent). On a monthly basis, consumer prices went up 0.4 percent, recovering from a 0.2 percent fall in the prior month. The harmonized index of consumer prices increased by 0.6 percent year-on-year in October, accelerating from a 0.4 percent rise in September.

2019-10-10
Danish Inflation Rate Accelerates in September
Denmark's annual inflation rate increased to 0.5 percent in September 2019 from 0.4 percent in the previous month, boosted by prices of transport (0.1 percent vs -0.4 percent), restaurants & hotels (1.9 percent vs -1.2 percent) and health (1.6 percent vs 1.4 percent). Meanwhile, prices rose softer for: housing & utilities (0.2 percent vs 0.5 percent), food and non-alcoholic beverages (1.3 percent vs 2.2 percent) and recreation & culture (1.6 percent vs 1.7 percent). On the other hand, prices fell for: clothing & footwear (-3.4 percent vs -3.2 percent) and furniture & household equipment (-0.3 percent vs flat reading). On a monthly basis, consumer prices went down 0.2 percent. The harmonized index of consumer prices increased by 0.4 percent year-on-year in September, slowing from a 0.5 percent rise in August.

2019-09-10
Danish Inflation Rate Lowest Since 2016
Denmark's annual inflation rate stood at 0.4 percent in August 2019, the same pace as in the previous month. It remained the lowest inflation since November 2016, housing & utilities prices slowed (0.5 percent vs 0.6 percent) while cost fell for transport (-0.4 percent vs 0.6 percent); restaurants & hotels (-1.2 percent vs -3.5 percent) and clothing & footwear (-3.2 percent vs -2.9 percent). In addition, furniture & household equipment prices were flat (vs -0.5 percent). On the other hand, inflation was steady for both food and non-alcoholic beverages (at 2.2 percent) and health (at 1.4 percent) while recreation & culture cost increased faster (1.7 percent vs 0.8 percent). On a monthly basis, consumer prices went down 0.4 percent. The harmonized index of consumer prices rose by 0.5 percent year-on-year in August, accelerating from a 0.4 percent rise in July.

2019-08-12
Danish Inflation Rate at Over 2-1/2-Year Low
Denmark's annual inflation rate declined to 0.4 percent in July 2019 from 0.6 percent in the previous month. It was the lowest inflation since November 2016, as prices rose at softer pace for both transport (0.6 percent vs 0.8 percent in June) and recreation & culture (0.8 percent vs 1.9 percent) while housing & utilities inflation was steady (at 0.6 percent). In addition, prices fell for restaurants & hotels (-3.5 percent vs 1.3 percent), furniture & household equipment (-0.5 percent vs -1 percent) and clothing & footwear (-2.9 percent vs -5.8 percent). Meantime, prices increased faster for food and non-alcoholic beverages (2.2 percent vs 2.0 percent) and health (1.4 percent vs 0.9 percent). On a monthly basis, consumer prices went up 0.6 percent. The harmonized index of consumer prices rose by 0.4 percent year-on-year in July, easing from a 0.5 percent rise in June.

2019-07-10
Danish Inflation Rate Slows to 9-Month Low in June
Denmark's annual inflation rate declined to 0.6 percent in June 2019 from 0.7 percent in the previous month and below market consensus of 1 percent. It was the lowest inflation since September 2018, as prices rose at softer pace for housing & utilities (0.6 percent vs 0.8 percent in May); transport (0.8 percent vs 1.6 percent); recreation & culture (1.9 percent vs 2.0 percent) and health (0.9 percent vs 1.2 percent). Also, cost dropped for furniture & household equipment (-1 percent vs 0.2 percent) and fell faster for clothing & footwear (-5.8 percent vs -4.3 percent). Meantime, prices increased faster for both food and non-alcoholic beverages (2.0 percent vs 1.3 percent) and restaurants & hotels (1.3 percent vs 0.8 percent). On a monthly basis, consumer prices went down 0.2 percent. The harmonized index of consumer prices rose by 0.5 percent year-on-year in June, easing from a 0.7 percent gain in May.


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.

Denmark Prices Last Previous Highest Lowest Unit
Inflation Rate 0.80 0.70 13.00 -0.10 percent [+]
Consumer Price Index CPI 102.90 103.10 103.50 33.00 points [+]
Harmonised Consumer Prices 102.40 102.60 103.10 63.40 points [+]
Core Consumer Prices 103.00 103.20 103.70 75.80 points [+]
Core Inflation Rate 0.80 0.70 3.30 0.10 percent [+]
GDP Deflator 109.40 109.34 109.40 68.09 points [+]
Producer Prices 103.80 103.40 103.80 59.30 points [+]
Export Prices 122.80 119.10 131.80 98.70 points [+]
Import Prices 116.40 115.70 125.30 98.80 points [+]
Food Inflation 0.90 1.20 10.50 -3.00 percent [+]
Inflation Rate Mom -0.20 -0.20 1.20 -0.60 percent [+]
Producer Prices Change -0.10 0.10 6.90 -3.90 percent [+]
CPI Transportation 103.10 102.90 104.50 77.70 points [+]