October 14, 2015

In September, consumer prices increased 0.23% over the previous month, which contrasted the 0.30% decrease seen in the previous month and marked a six-month high. According to Statistics Denmark (DST), the figure mainly reflected higher prices for food and non-alcoholic beverages.



Inflation was stable at the previous month’s 0.5% in September. Harmonized inflation came in at 0.3% in September, which matched August’s reading. Finally, annual average HICP inflation held steady in September at August’s 0.2%.

The Central Bank expects HICP inflation of 0.8% in 2015 and 1.7% in 2016. FocusEconomics Consensus Forecast panelists expect inflation to average 0.7% in 2015, which is down 0.2 percentage points from last month’s estimate. For 2016, panelists expect inflation to average 1.5%.