Inflation in Denmark

Denmark Inflation | Economic News & Forecasts

Denmark - Inflation

Inflation comes in at highest level since February 1983 in July

Consumer prices increased a seasonally-adjusted 1.14% in July over the previous month, picking up from the 0.80% increase recorded in June. Looking at the details of the release, the acceleration was primarily driven by increasing prices for housing and utilities. In addition, price pressures for food and non-alcoholic beverages rose at a quicker rate.

Inflation rose to 8.7% in July from June’s 8.2%. July's result marked the highest inflation rate since February 1983. Consequently, the trend pointed up, with annual average inflation coming in at 4.9% in July (June: 4.3%). Finally, core inflation rose to 5.5% in July, from June’s 4.8%.

FocusEconomics Consensus Forecast panelists expect inflation to average 5.7% in 2022, which is up 0.4 percentage points from last month’s forecast. For 2023, panelists project inflation to average 2.7%.

Denmark - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)0.5  0.3  1.1  0.8  0.8  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.


Denmark Inflation Chart

Denmark Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Statistics Denmark (DST) and FocusEconomics calculations.

Denmark Facts

Value Change Date
Bond Yield-0.15-1.54 %Jan 01
Exchange Rate6.66-0.57 %Jan 01

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.


Request a Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form