Denmark's annual inflation came in at 1.7 percent in June of 2021, unchanged from the previous month. Still, it was the highest inflation rate since December 2012, mainly boosted by a faster rise in prices of both housing & utilities (2.0 percent vs 1.9 percent) and restaurants & hotels (3.2% vs 0.8%). Meantime, prices continued to increase for transport (4.0% vs 4.8% in May), recreation & culture (0.4 percent vs 0.8 percent). By contrast, prices fell for: food & non-alcoholic beverages (-0.3% vs 0.2%), furniture & household equipment (-1.6% vs -2.6%), clothing & footwear (-0.2% vs 0.9%) and health (-0.4% vs 0.1%). On a monthly basis, consumer prices edged up 0.1 percent, slowing from a 0.2 percent gain in May. The harmonized index of consumer prices advanced 1.9 percent in June, the same pace as 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 July of 2021.
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 1.50 percent in 2022 and 2.00 percent in 2023, according to our econometric models.