Denmark Inflation Hits 9-Month High

The annual inflation rate in Denmark rose to 2% in August 2026 from 1.7% in July, marking the highest level since November 2025. The uptick was mainly driven by a faster rise in housing and utility costs (1% vs 0% in July). Additional upward pressure came from higher prices for information and communication (5.1% vs 4.6%), leisure, sports and culture (2.3% vs 0.8%), and personal care and miscellaneous goods and services (1.8% vs 1.5%). Meanwhile, food prices continued to decline, albeit at a slightly slower pace than in the prior month (-1.5% vs -1.6%). Transport inflation also slowed (4.5% vs 5.5%), as did price growth for restaurants and hotels (7.6% vs 8.1%). On a monthly basis, consumer prices fell by 0.3%, the first decline in seven months, reversing a 1.3% increase in July. Core inflation, which excludes energy and unprocessed food, edged down to 2.2% in August from 2.3% in each of the previous two months.

The annual inflation rate in Denmark eased to 1.7% in July 2026 from 1.9% in each of the previous two months. The main downward pressures came from housing and utilities, where prices were unchanged (0% vs 0.5% in June), and a sharper decline in food prices (-1.6% vs -0.9%). Price growth also softened for leisure, sports and culture (0.8% vs 2.8%), personal care and miscellaneous goods and services (1.5% vs 1.8%), and clothing and footwear (0.9% vs 2.3%). Meanwhile, transport costs accelerated (5.5% vs 4.5%), mainly driven by higher petrol prices (20.1% vs 15.3%). Prices for restaurants and hotels also rose more sharply (8.1% vs 5.7%) due to higher holiday home rental costs. Inflation for information and communication was unchanged at 4.6%. On a monthly basis, consumer prices increased by 1.3%, following a 0.2% rise in the previous month. Core inflation, which excludes energy and unprocessed food, remained steady at 2.3% in July.

The annual inflation rate in Denmark stood at 1.9% in June 2026, unchanged from the previous month and still the highest level since last December. Transportation costs remained the main driver of overall price growth (4.5% vs 5.3% in May), largely due to a surge in diesel prices (22.3% vs 30.8%). Additional upward pressure came from higher prices for clothing and footwear (2.3% vs 0.1%), housing and utilities (0.5% vs 0.4%), information and communication (4.6% vs 4.2%), and restaurants and accommodation services (5.7% vs 4.9%). In contrast, food prices declined further, dropping 0.9% after a 0.3% fall in May, while inflation softened for alcoholic beverages and tobacco (1.6% vs 1.9%) and recreation, sport and culture (2.8% vs 3.5%). On a monthly basis, consumer prices rose by 0.2%, slowing from a 0.6% increase in May. Core inflation, which excludes energy and unprocessed food, picked up to 2.3% in May, the highest in six months and up from 2.1% in the prior period.