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.

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Denmark Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-10-11 06:00 AM Sep 2.2% 1.8%
2021-11-10 07:00 AM Oct 3% 2.2% 2.3%
2021-12-10 07:00 AM Nov 3% 3.1%


Related Last Previous Unit Reference
Inflation Rate 3.00 2.20 percent Oct/21
Harmonised Consumer Prices 106.50 105.40 points Oct/21
Consumer Price Index CPI 106.80 105.80 points Oct/21
Core Consumer Prices 105.90 105.60 points Oct/21
Core Inflation Rate 1.30 1.00 percent Sep/21
GDP Deflator 113.19 111.71 points Jun/21
Producer Prices 124.20 122.20 points Oct/21
Export Prices 116.70 115.90 points Sep/21
Import Prices 107.70 102.90 points Sep/21
Food Inflation 1.30 1.50 percent Oct/21
CPI Transportation 109.60 107.30 points Oct/21
Inflation Rate Mom 0.90 0.30 percent Oct/21
Producer Prices Change 4.00 3.20 percent Sep/21

News Stream
Danish Inflation Rate Highest Since 2011
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.
2021-11-10
Danish Inflation Rate Highest Since 2012
Denmark's annual inflation increased to 2.2% in September of 2021 from 1.8% in the previous month. It was the highest inflation rate since November 2012, due to a rise in both prices of electricity (15.2%), pointing to the highest annual increase since December 2008 and gas (52.8%), which is the highest annual increase since July 1980. Prices advanced faster for housing & utilities (3.2% vs 2.9% in August), transport (4.9% vs 4.4%) and food & non-alcoholic beverages (1.5% vs 0.6%). Prices also increased more for restaurants & hotels (3.0% vs 2.4%), while that of recreation & culture rebounded (1.1% vs -0.3%). By contrast, prices fell for furniture & household equipment (-0.3% vs -0.8%), clothing & footwear (-1.1% vs -0.7%), health (-0.1%, after a flat reading in August). On a monthly basis, consumer prices were up 0.3%, rebounding from a 0.2 percent drop in August. The harmonized index of consumer prices rose 2.4% in September, accelerating from a 1.8% gain in the prior month.
2021-10-11
Danish Inflation Rate Highest Since 2012
Denmark's annual inflation increased to 1.8 percent in August of 2021 from 1.6 percent in the previous month, reaching the highest level since December 2012, amid a rise in prices of fuel, electricity and gas. Prices went up faster for housing & utilities (2.9 percent vs 2.7 percent in July), transport (4.4% vs 4.0%), while food & non-alcoholic beverages inflation was steady (at 0.6%). Meanwhile, prices of restaurants & hotels continued to increase (2.4 percent vs 3.1 percent). In addition, prices fell less for recreation & culture (-0.3 percent vs -1.4 percent), furniture & household equipment (-0.8% vs -1.5%), clothing & footwear (-0.7% vs -1.0%), while those of health were unchanged, after declining 0.3 percent in July. On a monthly basis, consumer prices were down 0.2 percent, reversing from a 0.7 percent rise in July. The harmonized index of consumer prices advanced 1.8 percent in August, accelerating from a 1.7 percent gain in the prior month.
2021-09-10

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.