Denmark's annual inflation rate dropped to 5.3% in April 2023 from 6.7% in the previous month. It was the lowest figure since February 2022, largely due to changes in the prices of electricity as well as food and gas, with food prices rising the least in 10 months (13.1% vs 15.8%). Also, prices slowed for transport (2.6% vs 3.5% in March), clothing (3.8% vs 3.9%), communication (5.4% vs 6.4%), leisure & culture (4.6% vs 5.0%), alcoholic beverages, and tobacco (3.1% vs 8.0%). Meanwhile, cost accelerated for restaurants and hotels (10.0% vs 8.9%), health (4.4% vs 2.5%), household services (8.9% vs 8.6%), and other goods and services (6.3% vs 5.4%). On the other hand, education inflation was steady (at 3.0%). On a monthly basis, consumer prices went up by 0.3% in April, after a 0.2% fall in March. The harmonized index of consumer prices rose by 5.6%, the least in 14 months, following a 7.3% gain in March. source: Statistics Denmark

Inflation Rate in Denmark averaged 2.92 percent from 1981 until 2023, reaching an all time high of 13.00 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 June of 2023.

Inflation Rate in Denmark is expected to be 4.80 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 2.30 percent in 2024 and 1.70 percent in 2025, according to our econometric models.

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Denmark Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2023-04-11 06:00 AM Mar 6.7% 7.6% 7.2% 7.2%
2023-05-10 06:00 AM Apr 5.3% 6.7% 5.7%
2023-06-12 06:00 AM May 5.3% 4.8%


Related Last Previous Unit Reference
Inflation Rate 5.30 6.70 percent Apr 2023
Consumer Price Index CPI 117.60 117.30 points Apr 2023
Harmonised Consumer Prices 118.10 117.80 points Apr 2023
Core Inflation Rate 6.10 6.40 percent Apr 2023
Core Consumer Prices 115.40 114.80 points Apr 2023
GDP Deflator 121.60 124.21 points Mar 2023
Producer Prices 149.10 148.80 points Apr 2023
Export Prices 136.30 137.50 points Mar 2023
Import Prices 119.90 120.80 points Mar 2023
Food Inflation 13.10 15.80 percent Apr 2023
CPI Transportation 118.80 118.80 points Apr 2023
Producer Prices Change 2.40 5.80 percent Apr 2023
Inflation Rate MoM 0.30 -0.20 percent Apr 2023

Denmark Inflation Rate
In Denmark, the most important category in the consumer price index is Housing and Utilities (30 percent of total weight). Food and Non-Alcoholic Beverages accounts for 13 percent; Transport for 12 percent; Recreation and Culture for 11 percent; Miscellaneous Goods and Services for 9 percent; and Furnishings and Household Services for 6 percent. Restaurants and Hotels; Clothing and Footwear; Alcoholic beverages and Tobacco; Health; Communication; and Education account for the remaining 20 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
5.30 6.70 13.00 -0.10 1981 - 2023 percent Monthly
2015=100

News Stream
Danish Inflation Rate at 14-Month Low of 5.3%
Denmark's annual inflation rate dropped to 5.3% in April 2023 from 6.7% in the previous month. It was the lowest figure since February 2022, largely due to changes in the prices of electricity as well as food and gas, with food prices rising the least in 10 months (13.1% vs 15.8%). Also, prices slowed for transport (2.6% vs 3.5% in March), clothing (3.8% vs 3.9%), communication (5.4% vs 6.4%), leisure & culture (4.6% vs 5.0%), alcoholic beverages, and tobacco (3.1% vs 8.0%). Meanwhile, cost accelerated for restaurants and hotels (10.0% vs 8.9%), health (4.4% vs 2.5%), household services (8.9% vs 8.6%), and other goods and services (6.3% vs 5.4%). On the other hand, education inflation was steady (at 3.0%). On a monthly basis, consumer prices went up by 0.3% in April, after a 0.2% fall in March. The harmonized index of consumer prices rose by 5.6%, the least in 14 months, following a 7.3% gain in March.
2023-05-10
Danish Inflation Rate at 11-Month Low of 6.7%
Denmark's annual inflation rate declined to an 11-month low of 6.7% in March 2023 from 7.6% in the previous month, below market consensus of 7.2%, largely due to changes in the prices of fuel as well as gas and electricity (12.8% vs 17.2%). Prices eased mainly for transport (3.5% vs 6.5% in February), clothing (3.9% vs 5.7%), communication (6.4% vs 6.7%), leisure & culture (5.0% vs 5.3%), restaurants and hotels (8.9% vs 11.5%), health (2.5% vs 2.6%), and alcoholic beverages, and tobacco (8.0% vs 9.1%). Meantime, cost accelerated for food and non-alcoholic beverages (15.8% vs 14.8%), household services (8.6% vs 8.4%), and other goods and services (5.4% vs 5.3%). Meanwhile, education inflation was steady (at 3.0%). On a monthly basis, consumer prices were down by 0.2% in March, the first decline in 3 months, reversing from a 0.9% gain in February. The harmonized index of consumer prices rose by 7.3%, beating market consensus of a 7.9% gain, following an 8.3% gain in February.
2023-04-11
Danish Inflation Lowest in 9 Months
Denmark's annual inflation rate ticked down to a nine-month low of 7.6% in February 2023 from 7.7% in the previous month, largely due to changes in the prices of gas. Prices slowed mainly for electricity and heating (6.4% vs 6.6% in January), household services (8.4% vs 10.9%), health (2.6% vs 2.7%), transport (6.5% vs 7.9%), and education (3% vs 3.1%). Meantime, cost accelerated for food and non-alcoholic beverages (14.8% vs 14.5%), alcoholic beverages, and tobacco (9.1% vs 9.0%). clothing (5.7% vs 4.8%), communication (6.7% vs 5.5%), leisure & culture (5.3% vs 4.9%), restaurants and hotels (11.5% vs 10.0%), and other goods and services (5.3% vs 5.0%). On a monthly basis, consumer prices increased by 0.9% in February, the most in four months, after a 0.4% rise in January. The harmonized index of consumer prices rose by 8.3%, after an 8.4% gain in January. In 2022, consumer prices increased by 7.7%.
2023-03-10