Denmark's annual inflation rate increased to 1.0 percent in March of 2021 from 0.6 percent in the previous month. It was the highest inflation rate since April 2019, mainly boosted by a rise in transport prices (2.7% vs -0.2%), due to petrol and diesel. In addition, housing & utilities prices increased faster (1.3 percent vs 1.2 percent in February). Meanwhile, prices continued to rise for both of restaurants & hotels (1.1% vs 1.2%) and health (0.2% vs 0.3%). By contrast, prices fell for food & non-alcoholic beverages (-1.0% vs 0.1%), clothing & footwear (-3.1% vs -0.7%), furniture & household equipment (-2.3% vs -2.6%) and recreation & culture (-0.4 percent vs -2.2 percent). On a monthly basis, consumer prices edged up 0.1 percent, easing from a 0.6 percent gain in February. The harmonized index of consumer prices went up 0.9 percent in March, after increasing by 0.5 percent in the prior month. source: Statistics Denmark
Inflation Rate in Denmark averaged 2.78 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 May of 2021.
Inflation Rate in Denmark is expected to be 1.70 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 1.50 percent in 2022 and 2.00 percent in 2023, according to our econometric models.