Denmark's annual inflation increased to 3.0% in October of 2021 from 2.2% in the previous month, reaching the highest inflation rate since July 2011, mainly due to a surge in prices of electricity (26.7%), the highest annual increase in electricity prices since June 1981. Prices advanced faster for housing & utilities (4.4% vs 3.2% in September), transport (7.1% vs 4.9%), restaurants & hotels (3.1% vs 3.0%), recreation & culture (1.5% vs 1.1%). Meanwhile, prices of food & non-alcoholic beverages continued to rise (1.3% vs 1.5%) while those of furniture & household equipment rebounded (0.2% vs -0.3%). In contrast, prices dropped further for both clothing & footwear (-0.1% vs -1.1%) and health (-0.2% vs -0.1%). On a monthly basis, consumer prices went up 0.9%, accelerating from a 0.3 percent gain in September. The harmonized index of consumer prices rose 3.0% in October, accelerating from a 2.4% gain in the prior month. source: Statistics Denmark
Inflation Rate in Denmark averaged 2.77 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 November of 2021.
Inflation Rate in Denmark is expected to be 3.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Denmark Inflation Rate is projected to trend around 1.50 percent in 2022 and 1.70 percent in 2023, according to our econometric models.