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.