Denmark's annual inflation rate inched up to 0.6 percent in January of 2021 from 0.5 percent in December 2020. It was the highest inflation rate since last September, as prices rose faster for housing & utilities (0.3 percent vs 0.1 percent in December), food & non-alcoholic beverages (0.3% vs 0.2%), restaurants & hotels (0.7% vs 0.3%), while those of clothing & footwear rebounded (2.6% vs -3.6%). Meantime, prices of health continued to increase (0.4% vs 0.7%). By contrast, prices fell for: transport (-1.0% vs -1.3%), furniture & household equipment (-2.8% vs -0.8%) and recreation & culture (-1.1 percent, after being flat in December). On a monthly basis, consumer prices were up 0.2 percent, recovering from a 0.2 percent fall in December. The harmonized index of consumer prices rose 0.4 percent in December, unchanged from the prior month. source: Statistics Denmark
Inflation Rate in Denmark averaged 2.79 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 March of 2021.
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 1.20 in 12 months time. In the long-term, the Denmark Inflation Rate is projected to trend around 1.50 percent in 2022 and 2.00 percent in 2023, according to our econometric models.