Denmark's annual inflation rate edged up to 0.5 percent in November of 2020 from 0.4 percent in the previous month. Prices of health increased faster (1.1% vs 1.0% in October), while recreation & culture prices rebounded (0.1% vs -0.3%). Meantime, food & non-alcoholic beverages inflation eased (0.5% vs 0.6%), while restaurants & hotels inflation was steady (at 0.6%). On the other hand, prices of housing & utilities were flat, after increasing by 5 percent in the prior month. By contrast, prices fell further for transport (-1.8% vs -1.4%), furniture & household equipment (-0.5% vs -1.5%) and clothing & footwear (-2.6% vs -1.9%). On a monthly basis, consumer prices inched down 0.1 percent, after a 0.2 percent rise in October. The harmonized index of consumer prices rose 0.4 percent in November, following a 0.3 percent gain in the prior month. source: Statistics Denmark
Inflation Rate in Denmark averaged 2.80 percent from 1981 until 2020, 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 December of 2020.
Inflation Rate in Denmark is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Denmark to stand at 1.30 in 12 months time. In the long-term, the Denmark Inflation Rate is projected to trend around 1.20 percent in 2021 and 2.00 percent in 2022, according to our econometric models.