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.