Denmark's annual inflation rate came in at 0.6 percent in February of 2021, unchanged from the previous month. It remained the highest inflation rate since last September, amid a further rise in cost of both housing & utilities (1.2 percent vs 0.3 percent in January) and restaurants & hotels (1.2% vs 0.7%). Prices continued to rise for food & non-alcoholic beverages (0.1% vs 0.3%), health (0.3% vs 0.4%). By contrast, prices fell for clothing & footwear (-0.7% vs 2.6%), transport (-0.2% vs -1.0%), furniture & household equipment (-2.6% vs -2.8%) and recreation & culture (-2.2 percent vs -1.1 percent). On a monthly basis, consumer prices were up 0.6 percent, accelerating from a 0.2 percent growth in January. The harmonized index of consumer prices rose 0.5 percent in February, after increasing by 0.4 percent in the prior month. source: Statistics Denmark
Inflation Rate in Denmark averaged 2.79 percent from 1981 until 2021, 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 April of 2021.
Inflation Rate in Denmark is expected to be 0.70 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 1.20 in 12 months time. In the long-term, the Denmark Inflation Rate is projected to trend around 1.50 percent in 2022 and 2.00 percent in 2023, according to our econometric models.