The inflation rate in Denmark was recorded at 0.50 percent in July of 2020.

Inflation Rate in Denmark averaged 2.82 percent from 1981 until 2020, 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 August of 2020. source: Statistics Denmark

Inflation Rate in Denmark is expected to be 0.30 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 1.70 in 12 months time. In the long-term, the Denmark Inflation Rate is projected to trend around 1.50 percent in 2021 and 2.00 percent in 2022, according to our econometric models.

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Denmark Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.30 13.00 -0.10 1981 - 2020 percent Monthly

Calendar GMT Actual Previous Consensus TEForecast
2020-05-11 06:00 AM Apr 0% 0.4% -0.1%
2020-06-10 06:00 AM May 0% 0% -0.1%
2020-07-10 06:00 AM Jun 0.3% 0% 0.1%
2020-08-10 06:00 AM Jul 0.5% 0.3% 0.4%
2020-09-10 06:00 AM Aug
2020-10-12 06:00 AM Sep 0.3%
2020-11-10 07:00 AM Oct
2020-12-10 07:00 AM Nov

News Stream
Danish Consumer Prices Rise 0.3% YoY in June
Consumer prices in Denmark increased 0.3 percent year-on-year in June of 2020, after a flat reading in the previous two months. Housing & utilities prices rose 0.2 percent in June, after being flat in May. Also, prices recovered for both furniture & household equipment (0.7% vs -0.8%) and clothing & footwear (1.7% vs -2.7%), while that of health rose faster (2.7% vs 2.4%). In addition, transport prices fell less (-1.5% vs -3.6%). On the other hand, prices continued to increase for food & non-alcoholic beverages (0.8% vs 1.2%); recreation & culture (0.9%, the same pace as in May). Conversely, prices of restaurants & hotels dropped (-2.0% vs 1.5%). On a monthly basis, consumer prices inched up 0.1 percent, following a 0.1 percent drop in May. The harmonized index of consumer prices went up 0.2 percent in June, after a 0.2 percent fall in the prior month.
Danish Consumer Prices Unchanged in May
Consumer prices in Denmark were unchanged in May from a year earlier, the same as in the previous month. Housing & utilities prices were unchanged in May, after declining by 0.3 percent in April. Prices rose softer for food & non-alcoholic beverages (1.2% vs 1.5% in April); restaurants & hotels (1.5% vs 2.5%), and recreation & culture (0.9% vs 1.1%). Meanwhile, prices went up faster for health (2.4% vs 1.3%). On the other hand, prices fell for transport (-3.6% vs -3.4%); furniture & household equipment (-0.8% vs -0.4%); clothing & footwear prices fell (-2.7% vs -1.5%). On a monthly basis, consumer prices edged down 0.1 percent, the same pace as in April. The harmonized index of consumer prices dropped 0.2 percent in May, after a revised 0.1 percent fall in April.
Danish Consumer Prices Unchanged in April
Consumer prices in Denmark were flat from a year earlier in April 2020, after a 0.4 percent rise in the previous month. Prices were unchanged for: food & non-alcoholic beverages (vs 1.2% in March); housing & utilities (vs 0.3%); transport (vs -0.9%); health (vs 1.6%); furniture & household equipment (vs -0.5%); clothing & footwear prices fell (vs -0.9%); restaurants & hotels (vs 1.4%), and recreation & culture (vs 1.3%) On a monthly basis, consumer prices were unchanged, after a 0.3 percent fall in March. The harmonized index of consumer prices were flat in April, following a 0.3 percent rise in March.
Danish Inflation Rate Eases to 7-Month Low
Denmark's annual inflation rate declined to 0.4 percent in March 2020 from 0.8 percent in the previous month. It was the lowest inflation rate since last August, as prices rose softer for health (1.6% vs 2.9% in February); recreation & culture (1.3% vs 2.1%) and restaurants & hotels (1.4% vs 1.6%). In addition, cost fell for transport (-0.9% vs 1.4%); furniture & household equipment (-0.5% vs 0.6%) and clothing & footwear (-0.9% vs -1.5%). Meanwhile, prices increased faster for housing & utilities (0.3% vs 0.1%) and food & non-alcoholic beverages (1.2% vs 0.4%). On a monthly basis, consumer prices decreased 0.3 percent, after a 0.6 percent gain in February. The harmonized index of consumer prices went up 0.3 percent year-on-year in March, following a 0.7 percent rise in February.

Denmark Inflation Rate
In Denmark, the most important category in the consumer price index is Housing and Utilities (29.4 percent of total weight). Food and Non-Alcoholic Beverages accounts for 12.2 percent; Transport for 11.8 percent; Recreation and Culture for 10.9 percent; Miscellaneous Goods and Services for 9.6 percent and Restaurants and Hotels for 6.2 percent. Furniture, Household Goods and Maintenance; Clothing and Footwear; Alcoholic beverages and Tobacco; Health; Communication and Education account for the remaining 19.9 percent of total weight.