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.