Denmark's annual inflation rate edged up to 0.5 percent in November of 2020 from 0.4 percent in the previous month. Prices of health increased faster (1.1% vs 1.0% in October), while recreation & culture prices rebounded (0.1% vs -0.3%). Meantime, food & non-alcoholic beverages inflation eased (0.5% vs 0.6%), while restaurants & hotels inflation was steady (at 0.6%). On the other hand, prices of housing & utilities were flat, after increasing by 5 percent in the prior month. By contrast, prices fell further for transport (-1.8% vs -1.4%), furniture & household equipment (-0.5% vs -1.5%) and clothing & footwear (-2.6% vs -1.9%). On a monthly basis, consumer prices inched down 0.1 percent, after a 0.2 percent rise in October. The harmonized index of consumer prices rose 0.4 percent in November, following a 0.3 percent gain in the prior month. source: Statistics Denmark

Inflation Rate in Denmark averaged 2.80 percent from 1981 until 2020, 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 December of 2020.

Inflation Rate in Denmark is expected to be 0.60 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 1.30 in 12 months time. In the long-term, the Denmark Inflation Rate is projected to trend around 1.20 percent in 2021 and 2.00 percent in 2022, according to our econometric models.

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Denmark Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.40 13.00 -0.10 1981 - 2020 percent Monthly
2015=100


Calendar GMT Actual Previous Consensus TEForecast
2020-09-10 06:00 AM Aug 0.5% 0.5% 0.3%
2020-10-12 06:00 AM Sep 0.6% 0.5% 0.6%
2020-11-10 07:00 AM Oct 0.4% 0.6% 0.5%
2020-12-10 07:00 AM Nov 0.5% 0.4% 0.5%
2021-01-11 07:00 AM Dec 0.5% 0.6%
2021-02-10 07:00 AM Jan 0.7%
2021-03-10 07:00 AM Feb
2021-04-12 06:00 AM Mar


News Stream
Danish Inflation Rate Edges Up to 0.5% in November
Denmark's annual inflation rate edged up to 0.5 percent in November of 2020 from 0.4 percent in the previous month. Prices of health increased faster (1.1% vs 1.0% in October), while recreation & culture prices rebounded (0.1% vs -0.3%). Meantime, food & non-alcoholic beverages inflation eased (0.5% vs 0.6%), while restaurants & hotels inflation was steady (at 0.6%). On the other hand, prices of housing & utilities were flat, after increasing by 5 percent in the prior month. By contrast, prices fell further for transport (-1.8% vs -1.4%), furniture & household equipment (-0.5% vs -1.5%) and clothing & footwear (-2.6% vs -1.9%). On a monthly basis, consumer prices inched down 0.1 percent, after a 0.2 percent rise in October. The harmonized index of consumer prices rose 0.4 percent in November, following a 0.3 percent gain in the prior month.
2020-12-10
Danish Inflation Rate at 4-Month Low of 0.4%
Denmark's annual inflation rate declined to 0.4 percent in October of 2020 from 0.6 percent in the previous month. It was the lowest inflation since June, as housing & utilities inflation eased (0.5% vs 0.6% in September) while prices of transport fell more (-1.4% vs -0.8%). Meantime, prices rose faster for food & non-alcoholic beverages inflation (0.6% vs 0.1%), while prices recovered for both furniture & household equipment (0.6% vs -0.6%) and restaurants & hotels (0.6% vs -0.5%). Meantime, health inflation was steady (at 1.0%). On the other hand, prices fell for both recreation & culture (-0.3% vs 0.1%) and clothing & footwear (-1.9% vs -0.5%). On a monthly basis, consumer prices were up 0.2 percent, after a 0.1 percent drop in September. The harmonized index of consumer prices rose 0.3 percent in October, following a 0.5 percent growth in the prior month.
2020-11-10
Danish Inflation Rate Accelerates to 7-Month High
Denmark's annual inflation rate inched up 0.6 percent in September of 2020 from 0.5 percent in the previous month, still the most since February. Housing & utilities inflation was steady (at 0.6%) while food & non-alcoholic beverages inflation eased (0.1% vs 0.7%). Meantime, prices continued to rise for both health (1.0% vs 1.4%) and recreation & culture (0.1% vs 0.6%). In addition, prices fell less for transport (-0.8% vs -0.9%); restaurants & hotels (-0.5% vs -2.7%) and furniture & household equipment (-0.6% vs -2.2%). On the other hand, prices of clothing & footwear dropped (-0.5% vs 1.0%). On a monthly basis, consumer prices edged down 0.1 percent, after a 0.4 percent fall in August. The harmonized index of consumer prices went up 0.5 percent in September, following a 0.4 percent gain in the prior month.
2020-10-12
Danish Inflation Rate Stays at 5-Month High
Denmark's annual inflation rate came in at 0.5 percent in August of 2020, unchanged from the previous month, still the most since February. Inflation was steady for both housing & utilities (at 0.6%) and food & non-alcoholic beverages (at 0.7%). Meantime, prices rose softer for both clothing & footwear (1.0% vs 1.8%) and health (1.4% vs 1.7%) while recreation & culture prices rebounded (0.6% vs -0.2%). On the other hand, prices fell for transport (-0.9% vs -1.2%); restaurants & hotels (-2.7% vs -0.4%) and furniture & household equipment (-2.2% vs 0.6%). On a monthly basis, consumer prices dropped 0.4 percent, after a 0.8 percent gain in July. The harmonized index of consumer prices went up 0.4 percent in August, the same pace as in the prior month.
2020-09-10

Denmark Inflation Rate
In Denmark, the most important category in the consumer price index is Housing and Utilities (29.4 percent of total weight). Food and Non-Alcoholic Beverages accounts for 12.2 percent; Transport for 11.8 percent; Recreation and Culture for 10.9 percent; Miscellaneous Goods and Services for 9.6 percent and Restaurants and Hotels for 6.2 percent. Furniture, Household Goods and Maintenance; Clothing and Footwear; Alcoholic beverages and Tobacco; Health; Communication and Education account for the remaining 19.9 percent of total weight.