Denmark's annual inflation rate declined to 0.6 percent in June 2019 from 0.7 percent in the previous month and below market consensus of 1 percent. It was the lowest inflation since September 2018, as prices rose at softer pace for housing & utilities (0.6 percent vs 0.8 percent in May); transport (0.8 percent vs 1.6 percent); recreation & culture (1.9 percent vs 2.0 percent) and health (0.9 percent vs 1.2 percent). Also, cost dropped for furniture & household equipment (-1 percent vs 0.2 percent) and fell faster for clothing & footwear (-5.8 percent vs -4.3 percent). Meantime, prices increased faster for both food and non-alcoholic beverages (2.0 percent vs 1.3 percent) and restaurants & hotels (1.3 percent vs 0.8 percent). On a monthly basis, consumer prices went down 0.2 percent. The harmonized index of consumer prices rose by 0.5 percent year-on-year in June, easing from a 0.7 percent gain in May. Inflation Rate in Denmark averaged 2.88 percent from 1981 until 2019, 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 1.30 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 1.90 percent in 2020, according to our econometric models.