Inflation Rate in Denmark increased to 2 percent in February from 1.50 percent in January of 2025. This dataset provides - Denmark Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

From the end of 2021 to the end of 2022, the inflation rate in Denmark rose sharply. However, after peaking at 10 percent in October that year, it started to decrease, falling to 1.4 percent by August 2024. Next to effects of the COVID-19 pandemic, Russia's invasion of Ukraine in February 2022 led to increasing prices, especially spurring insecurity around the world's energy supply.

In 2022, the inflation rate in Denmark amounted to 8.53 percent compared to the previous year. Forecasts see it rising to around two percent, the rate of inflation considered stable by economists.

Denmark’s economy in short

Denmark is a market economy with a consistent trade surplus, with most of its workforce employed in the services sector. It relies on foreign trade and exports mostly chemicals, agricultural products, and machinery. Denmark is not part of the euro area and thus has kept its currency, the Danish krone. Nevertheless, it was hit by the recession of 2008 and 2009, but has recovered quite well.

Everything’s stable in the state of Denmark

Despite a slump during the economic crisis around 2008 and 2009, Denmark’s economy is considered to be thriving. Key economic indicators all point to a bright future: Unemployment has been decreasing for the last few years, GDP growth has been steady, and additionally, Denmark scored quite high on the Human Development Index (HDI) – a sure sign that economy and living conditions in the country are stable.

Harmonised Inflation Rate YoY in Denmark increased to 2 percent in February from 1.40 percent in January of 2025. This dataset includes a chart with historical data for Denmark Harmonised Inflation Rate YoY.

Since 2000, gross domestic product (GDP) per capita in Denmark overall incerased. However, GDP per capita fell in 2023 amid high inflation rates and challenging economic circumstances. In 2023, the GDP of Denmark was 2.8 trillion Danish kroner.

Consumer Price Index CPI in Denmark increased to 120.80 points in February from 119.60 points in January of 2025. This dataset provides - Denmark Consumer Price Index (CPI) - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The average retail price of whole milk in Denmark fluctuated recently. It peaked in 2023, as the price of whole milk in retail stores reached on average 13.13 Danish kroner per liter. This was an increase compared to the previous year. The average retail price of organic whole milk was even higher in 2023 and amounted to 15.4 Danish kroner per liter. Organic milk comes from cows that are not treated with antibiotics and hormones and are on the pasture around 120 days a year.   Whole milk consumption  In the period from 2011 to 2023, the consumption volume of whole milk in Denmark increased overall. It grew from nearly 63 thousand metric tons to approximately 91 thousand metric tons of whole milk. By the end of this period, 15.3 kilograms of whole milk have been consumed per person in the country. Whole milk production  In Denmark, the production volume of whole milk as well as organic whole milk fluctuated. In 2023, the whole milk production volume amounted to nearly 607 thousand metric tons. By comparison, the volume of produced organic whole milk was much lower and amounted to 23.5 thousand metric tons in the same year.

Housing Index in Denmark increased to 144.41 points in the third quarter of 2024 from 140.94 points in the second quarter of 2024. This dataset provides - Denmark House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.