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.

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Denmark Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.80 1.60 13.00 -0.10 1981 - 2021 percent Monthly
2015=100


Calendar GMT Actual Previous Consensus TEForecast
2021-06-10 06:00 AM May 1.7% 1.5% 1.9%
2021-07-12 06:00 AM Jun 1.7% 1.7% 1.6%
2021-08-10 06:00 AM Jul 1.6% 1.7% 1.5%
2021-09-10 06:00 AM Aug 1.8% 1.6% 1.4%
2021-10-11 06:00 AM Sep 1.8%
2021-11-10 07:00 AM Oct
2021-12-10 07:00 AM Nov
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Danish Inflation Rate Highest Since 2012
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.
2021-09-10
Danish Inflation Rate Edges Down to 1.6% in July
Denmark's annual inflation inched down to 1.6 percent in July of 2021 from 1.7 percent in the previous month. Upward pressures came from: housing & utilities (2.7 percent vs 2.0 percent in June), transport (4.0% vs 4.0%), food & non-alcoholic beverages (0.6% vs -0.3%), and restaurants & hotels (3.1% vs 3.2%). Downward pressures came from: recreation & culture (-1.4 percent vs 0.4 percent), furniture & household equipment (-1.5% vs -1.6%), clothing & footwear (-1.0% vs -0.2%) and health (-0.3% vs -0.4%). On a monthly basis, consumer prices were up 0.7 percent, accelerating from a 0.1 percent gain in June. The harmonized index of consumer prices advanced 1.7 percent in July, following a 1.9 percent rise in the prior month.
2021-08-10
Danish Inflation Rate Stays at Near 9-1/2-Year High
Denmark's annual inflation came in at 1.7 percent in June of 2021, unchanged from the previous month. Still, it was the highest inflation rate since December 2012, mainly boosted by a faster rise in prices of both housing & utilities (2.0 percent vs 1.9 percent) and restaurants & hotels (3.2% vs 0.8%). Meantime, prices continued to increase for transport (4.0% vs 4.8% in May), recreation & culture (0.4 percent vs 0.8 percent). By contrast, prices fell for: food & non-alcoholic beverages (-0.3% vs 0.2%), furniture & household equipment (-1.6% vs -2.6%), clothing & footwear (-0.2% vs 0.9%) and health (-0.4% vs 0.1%). On a monthly basis, consumer prices edged up 0.1 percent, slowing from a 0.2 percent gain in May. The harmonized index of consumer prices advanced 1.9 percent in June, the same pace as in the prior month.
2021-07-12
Danish Inflation Rate Highest Since 2012
Denmark's annual inflation rate increased to 1.7 percent in May of 2021 from 1.5 percent in the previous month. It was the highest inflation rate since December 2012, mainly boosted by a rise in transport prices (4.8% vs 3.8%), due to petrol and diesel. In addition, prices increased faster for housing & utilities (1.9 percent vs 1.6 percent in April), while rebounded for restaurants & hotels (0.8% vs -0.3%), recreation & culture (0.8 percent vs -0.2 percent) and clothing & footwear (0.9% vs -2.3%). Meantime, prices of health continued to rise (0.1% vs 0.9%), while those of for food & non-alcoholic beverages were unchanged (vs 0.2%). By contrast, prices fell further for furniture & household equipment (-2.6% vs -3.0%). On a monthly basis, consumer prices were up 0.2 percent, slowing from a 0.4 percent growth in April. The harmonized index of consumer prices advanced 1.9 percent in May, following a 1.5 percent rise in the prior month.
2021-06-10

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.