Denmark's annual inflation rate increased to 0.8 percent in October 2018 from a six-month low of 0.6 percent in the previous month but below market expectations of 1 percent. Prices increased faster for transport (3.1 percent vs 2.0 percent in September) and recreation & culture (1.2 percent vs 0.2 percent). Meanwhile, inflation was steady for restaurants & hotels (at 1.5 percent) and slowed for both housing (1.2 percent vs 1.4 percent) and miscellaneous goods and services (0.2 percent vs 0.7 percent). Prices of food and non-alcoholic beverages continued to decline (-0.8 percent, the same as in September). The harmonized index of consumer prices went up by 0.7 percent year-on-year in October, after a 0.5 percent rise in September. Inflation Rate in Denmark averaged 2.92 percent from 1981 until 2018, 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 1.40 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 2.10 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.