Denmark's annual inflation rate declined to 1.0 percent in February 2019 from a 14-month high of 1.3 percent in the previous month but beating market consensus of 0.9 percent. Prices rose softer for: housing & utilities (1.1 percent vs 1.5 percent in January); recreation & culture (1.7 percent vs 2.7 percent), and miscellaneous goods and services (0.2 percent from 0.4 percent). Meanwhile, inflation was steady for both food and non-alcoholic beverages (at 1.1 percent) and restaurants & hotels (at 0.9 percent). On the other hand, transport prices increased faster (1.7 percent vs 1.0 percent). The harmonized index of consumer prices went up by 1.1 percent year-on-year in February, slowing from a 1.2 percent rise in January. Inflation Rate in Denmark averaged 2.90 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.
Inflation Rate in Denmark is expected to be 1.80 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 2.20 in 12 months time. In the long-term, the Denmark Inflation Rate is projected to trend around 2.10 percent in 2020, according to our econometric models.