Inflation in Denmark
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
|Inflation Rate (CPI, annual variation in %)||0.5||0.3||1.1||0.8||0.8|
5 years of economic forecasts for more than 30 economic indicators.
Denmark Inflation Chart
Source: Statistics Denmark (DST) and FocusEconomics calculations.
|Bond Yield||-0.15||-1.54 %||Jan 01|
|Exchange Rate||6.66||-0.57 %||Jan 01|
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Consumer prices increased a seasonally-adjusted 1.14% in July over the previous month, picking up from the 0.80% increase recorded in June.
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