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.

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Denmark Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.50 13.00 -0.10 1981 - 2021 percent Monthly
2015=100


Calendar GMT Actual Previous Consensus TEForecast
2020-11-10 07:00 AM Oct 0.4% 0.6% 0.5%
2020-12-10 07:00 AM Nov 0.5% 0.4% 0.5%
2021-01-11 07:00 AM Dec 0.5% 0.5% 0.6%
2021-02-10 07:00 AM Jan 0.6% 0.5% 0.7%
2021-03-10 07:00 AM Feb 0.6% 0.7%
2021-04-12 06:00 AM Mar
2021-05-10 06:00 AM Apr
2021-06-10 06:00 AM May
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Danish Inflation Rate at 4-Month High of 0.6%
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.
2021-02-10
Danish Inflation Rate Unchanged at 0.5% in December
Denmark's annual inflation rate came in at 0.5 percent in December of 2020, unchanged from the previous month. Prices rose softer for food & non-alcoholic beverages (0.2% vs 0.5% in November), restaurants & hotels (0.3% vs 0.6%), health (0.7% vs 1.1%), while those of recreation & culture were unchanged (vs 0.1% in November).Meantime, prices of housing & utilities inched up 0.1 percent, after being flat in the prior month. By contrast, prices fell further for transport (-1.3% vs -1.8%), furniture & household equipment (-0.8% vs -0.5%) and clothing & footwear (-3.6% vs -2.6%). On a monthly basis, consumer prices were down 0.2 percent, after a 0.1 percent drop in November. The harmonized index of consumer prices rose 0.4 percent in December, the same pace as in the prior month.
2021-01-11
Danish Inflation Rate Edges Up to 0.5% in November
Denmark's annual inflation rate edged up to 0.5 percent in November of 2020 from 0.4 percent in the previous month. Prices of health increased faster (1.1% vs 1.0% in October), while recreation & culture prices rebounded (0.1% vs -0.3%). Meantime, food & non-alcoholic beverages inflation eased (0.5% vs 0.6%), while restaurants & hotels inflation was steady (at 0.6%). On the other hand, prices of housing & utilities were flat, after increasing by 5 percent in the prior month. By contrast, prices fell further for transport (-1.8% vs -1.4%), furniture & household equipment (-0.5% vs -1.5%) and clothing & footwear (-2.6% vs -1.9%). On a monthly basis, consumer prices inched down 0.1 percent, after a 0.2 percent rise in October. The harmonized index of consumer prices rose 0.4 percent in November, following a 0.3 percent gain in the prior month.
2020-12-10
Danish Inflation Rate at 4-Month Low of 0.4%
Denmark's annual inflation rate declined to 0.4 percent in October of 2020 from 0.6 percent in the previous month. It was the lowest inflation since June, as housing & utilities inflation eased (0.5% vs 0.6% in September) while prices of transport fell more (-1.4% vs -0.8%). Meantime, prices rose faster for food & non-alcoholic beverages inflation (0.6% vs 0.1%), while prices recovered for both furniture & household equipment (0.6% vs -0.6%) and restaurants & hotels (0.6% vs -0.5%). Meantime, health inflation was steady (at 1.0%). On the other hand, prices fell for both recreation & culture (-0.3% vs 0.1%) and clothing & footwear (-1.9% vs -0.5%). On a monthly basis, consumer prices were up 0.2 percent, after a 0.1 percent drop in September. The harmonized index of consumer prices rose 0.3 percent in October, following a 0.5 percent growth in the prior month.
2020-11-10

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.