Denmark's annual inflation rate came in at 0.8 percent in December 2018, unchanged from the previous month. Prices increased at a softer pace for both transport (0.7 percent vs 2.3 percent in November) and recreation & culture (1.6 percent vs 1.7 percent). Meanwhile, prices rose faster for housing & utilities (1.5 percent vs 1.3 percent); restaurants & hotels (1.7 percent vs 1.4 percent). On the other hand, prices fell for miscellaneous goods and services (-0.2 percent from a flat reading in November) while prices of food and non-alcoholic beverages continued to decline (-0.2 percent vs -0.8 percent). The harmonized index of consumer prices went up by 0.7 percent year-on-year in December, the same pace as in November. Inflation Rate in Denmark averaged 2.91 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 1.80 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 2.20 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.