Denmark's annual inflation increased to 1.8 percent in August of 2021 from 1.6 percent in the previous month, reaching the highest level since December 2012, amid a rise in prices of fuel, electricity and gas. Prices went up faster for housing & utilities (2.9 percent vs 2.7 percent in July), transport (4.4% vs 4.0%), while food & non-alcoholic beverages inflation was steady (at 0.6%). Meanwhile, prices of restaurants & hotels continued to increase (2.4 percent vs 3.1 percent). In addition, prices fell less for recreation & culture (-0.3 percent vs -1.4 percent), furniture & household equipment (-0.8% vs -1.5%), clothing & footwear (-0.7% vs -1.0%), while those of health were unchanged, after declining 0.3 percent in July. On a monthly basis, consumer prices were down 0.2 percent, reversing from a 0.7 percent rise in July. The harmonized index of consumer prices advanced 1.8 percent in August, accelerating from a 1.7 percent gain 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 September 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. 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.