Denmark Inflation Hits 21-Month Low

Denmark’s annual inflation rate decelerated to 0.8% in January 2026 from 1.9% in December. This marked the lowest level since April 2024, largely due to lower prices for housing and utilities (-1.3% vs 1.2% in December) and transportation (-0.2% vs 1.3%), as well as slower price growth in restaurants and hotels (1.4% vs 3.3%), information and communication (3.5% vs 4%), and miscellaneous goods and services (2.4% vs 3.3%). Conversely, inflation rose slightly for food and non-alcoholic beverages (3.8% vs 3.6%) and recreation and culture (1.9% vs 1.8%). On a monthly basis, consumer prices decreased by 0.6%, following a 0.4% fall in each of the previous two months. Core inflation, which excludes energy and unprocessed food, eased to 1.9% in January, the lowest in seven months, from 2.3% in each of the previous three months.

Denmark’s annual inflation rate eased to 1.9% in December 2025 from 2.1% in each of the previous two months. This was the lowest inflation rate since June, amid softer price increases in transport (1.2% vs 1.4% in November), recreation and culture (1.8% vs 1.9%), restaurants and hotels (3.3% vs 4%), and health (1.8% vs 2.4%). Declines were also seen in prices of furnishings, household equipment, and maintenance (-1.2% vs -0.1%) and clothing and footwear (-0.2% vs -0.6%). Meanwhile, inflation was steady for food and non-alcoholic beverages (at 3.5%), housing and utilities (at 1.2%), and education (at 4%), while it rose for miscellaneous goods and services (3.3% vs 3%). On a monthly basis, consumer prices fell by 0.4%, following a 0.3% drop in November. Core inflation, which excludes energy and unprocessed food, edged down to 2.2% from 2.3% in each of the previous two months. In 2025, the average inflation rate was 1.9%.

Denmark’s annual inflation rate stood 2.1% in November 2025, unchanged from the previous month. Price growth slowed for food and non-alcoholic beverages (3.5% vs 4.5% in October), housing and utilities (1.2% vs 1.5%), transport (1.4% vs 1.5%), and recreation and culture (1.9% vs 2.3%). At the same time, prices fell for furnishings, household equipment, and maintenance (-0.1% vs 1.2%) and clothing and footwear (-0.6% vs -0.8%). Conversely, prices rose at a faster pace for restaurants and hotels (4% vs 2.5%), alcoholic beverages and tobacco (2% vs 1.6%), health (2.4% vs 1.1%), and communication (7.6% vs 4.7%). On a monthly basis, consumer prices decreased by 0.3%, reversing a 0.4% rise in the prior month. Core inflation, which excludes energy and unprocessed food, held steady at 2.3%.