Denmark's annual inflation rate advanced to 7.4 percent in May 2022 from 6.7 percent a month earlier. It was the highest inflation rate since May 1983, with food and non-alcoholic beverage prices surging 10.1 percent, the most since August 2008, amid soaring global commodity prices, Main upward price pressures also came from transport (13.0 percent vs 10.2 percent). At the meantime, prices continued to increase for both housing and utilities (9.1 percent vs 9.8 percent in April) and restaurants & hotels (7.1 percent vs 7.6 percent). On a monthly basis, consumer prices were up by 0.9 percent, after a 1.6 percent rise in April, which was the highest on record. The harmonized index of consumer prices climbed 8.2 percent in May, the highest since the series began in 1990. source: Statistics Denmark

Inflation Rate in Denmark averaged 2.80 percent from 1981 until 2022, 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 July of 2022.

Inflation Rate in Denmark is expected to be 5.90 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 2.00 percent in 2023 and 1.70 percent in 2024, according to our econometric models.

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Denmark Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-10 06:00 AM Apr 6.7% 5.4% 5.6%
2022-06-10 06:00 AM May 7.4% 6.7% 7.2%
2022-07-11 06:00 AM Jun 7.4%


Related Last Previous Unit Reference
Inflation Rate 7.40 6.70 percent May 2022
Harmonised Consumer Prices 113.00 111.80 points May 2022
Consumer Price Index CPI 112.70 111.70 points May 2022
Core Inflation Rate 4.37 3.60 percent May 2022
Core Consumer Prices 113.00 111.80 points May 2022
GDP Deflator 118.85 116.28 points Mar 2022
Producer Prices 149.10 146.90 points May 2022
Export Prices 132.30 127.80 points Apr 2022
Import Prices 117.20 115.50 points Apr 2022
Food Inflation 10.10 7.10 percent May 2022
CPI Transportation 118.90 115.80 points May 2022
Inflation Rate Mom 0.90 1.60 percent May 2022
Producer Prices Change 11.80 8.70 percent Apr 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
7.40 6.70 13.00 -0.10 1981 - 2022 percent Monthly
2015=100

News Stream
Danish Inflation Rate Highest Since 1983
Denmark's annual inflation rate advanced to 7.4 percent in May 2022 from 6.7 percent a month earlier. It was the highest inflation rate since May 1983, with food and non-alcoholic beverage prices surging 10.1 percent, the most since August 2008, amid soaring global commodity prices, Main upward price pressures also came from transport (13.0 percent vs 10.2 percent). At the meantime, prices continued to increase for both housing and utilities (9.1 percent vs 9.8 percent in April) and restaurants & hotels (7.1 percent vs 7.6 percent). On a monthly basis, consumer prices were up by 0.9 percent, after a 1.6 percent rise in April, which was the highest on record. The harmonized index of consumer prices climbed 8.2 percent in May, the highest since the series began in 1990.
2022-06-10
Danish Inflation Rate Highest Since 1984
Denmark's annual inflation rate increased to 6.7 percent in April 2022 from 5.4 percent a month earlier. It was the highest inflation rate since August 1984, mainly boosted by a faster rise in prices of housing and utilities (9.8 percent vs 7.0 percent in March), food and non-alcoholic beverages (7.1 percent vs 5.4 percent), transport (10.9 percent vs 10.2 percent), and restaurants & hotels (7.6 percent vs 5.8 percent). On a monthly basis, consumer prices went up by 1.6 percent, the highest on record, and accelerating from a 0.6 percent rise in March. The harmonized index of consumer prices rose 7.4 percent in April, the highest since the series began in 1990.
2022-05-10
Danish Inflation Rate Highest Since 1985
Denmark's annual inflation rate increased to 5.4 percent in March 2022 from 4.8 percent a month earlier. It was the highest inflation rate since May 1985, amid a jump in both electricity (44.6%) and gas prices (82.6%). Prices rose at a faster pace for transport (10.2 percent vs 7.8 percent in February), housing and utilities (7.0 percent vs 6.7 percent), and restaurants & hotels (5.8 percent vs 4.7 percent). At the meantime, prices of food and non-alcoholic beverages were little-changed (5.4 percent vs 5.5 percent). On a monthly basis, consumer prices rose by 0.6 percent, easing from a 1.0 percent rise in February. The harmonized index of consumer prices went up 6 percent in March, the highest since the series began in 1990.
2022-04-11