As a result of the COVID-19 pandemic and Russia's invasion of Ukraine in February 2022, inflation rates have been increasing around the world through the last months of 2021 and throughout 2022. In Denmark, especially the prices of housing, electricity and gas etc. as well as food and non-alcoholic beverages have risen sharply, but in January 2024, education was the commodity group with the highest inflation rate. In total, the inflation rate in Denmark that month stood at 1.2 percent.

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.

Since December 2020, the Harmonized Consumer Price Index (HICP) in Denmark has increased steadily, reaching 106.5 in October 2021. This indicates an increased inflation in the Danish economy in 2021. The HICP declined from 103 in February 2020 down to 102.5 in May 2020 before increasing again.

The inflation rates of energy commodity prices in Denmark have increased significantly since 2021. Gas saw an inflation rate of 179.3 percent in September 2022, the highest annual change in the last three years. These developments occurred following Russia's invasion of Ukraine, which has been the cause of uncertainty over Europe's security of gas supply, as well as intense energy price volatility. After decreasing in 2023, the harmonized price index of consumer prices for energy commodities showed a new increase as of the end of 2024.

Denmark inflation rate for 2023 was 3.31%, a 4.39% decline from 2022.

• Denmark inflation rate for 2022 was 7.70%, a 5.84% increase from 2021.
• Denmark inflation rate for 2021 was 1.85%, a 1.43% increase from 2020.
• Denmark inflation rate for 2020 was 0.42%, a 0.34% decline from 2019.

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

This statistic shows the consumer price index (CPI) of pets and pet supplies in Denmark monthly from September 2021 to November 2024. In November 2024, the CPI of pets and pet supplies in Denmark was measured at 126.7, where the year 2015 equals 100.

Cost of food in Denmark increased 5.70 percent in February of 2025 over the same month in the previous year. This dataset provides - Denmark Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news.

About this dataset

Context

The dataset illustrates the median household income in Denmark township, spanning the years from 2010 to 2021, with all figures adjusted to 2022 inflation-adjusted dollars. Based on the latest 2017-2021 5-Year Estimates from the American Community Survey, it displays how income varied over the last decade. The dataset can be utilized to gain insights into median household income trends and explore income variations.

Key observations:

From 2010 to 2021, the median household income for Denmark township increased by $10,816 (19.01%), as per the American Community Survey estimates. In comparison, median household income for the United States increased by $4,559 (6.51%) between 2010 and 2021.

Analyzing the trend in median household income between the years 2010 and 2021, spanning 11 annual cycles, we observed that median household income, when adjusted for 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS), experienced growth year by year for 6 years and declined for 5 years.

https://i.neilsberg.com/ch/denmark-township-mi-median-household-income-trend.jpeg" alt="Denmark Township, Michigan median household income trend (2010-2021, in 2022 inflation-adjusted dollars)">

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates. All incomes have been adjusting for inflation and are presented in 2022-inflation-adjusted dollars.

Years for which data is available:

• 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021

Variables / Data Columns

• Year: This column presents the data year from 2010 to 2021
• Median Household Income: Median household income, in 2022 inflation-adjusted dollars for the specific year
• YOY Change($): Change in median household income between the current and the previous year, in 2022 inflation-adjusted dollars
• YOY Change(%): Percent change in median household income between current and the previous year

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Denmark township median household income. You can refer the same here

This statistic shows the consumer price index (CPI) of eggs in Denmark monthly from July 2021 to November 2024. In November 2024, the CPI of eggs in Denmark was measured at 122.2 where the year 2015 equals 100.

This dataset provides values for INFLATION RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

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.

When surveyed in November 2022, some 64 percent of respondents in Denmark stated that they expected grocery prices to increase. This figure has increased since the start of the survey period in September 2021 and peaked at 76 percent in September 2022.

The inflation rates in all five Nordic countries increased from 2021 to 2022. However, inflation decreased in Denmark, Finland, and Sweden, while it remained stable in Norway and increased in Iceland in 2023. 2022 and 2023 were characterized by rising inflation rates all around the world as a consequence of the COVID-19 pandemic, the Russia-Ukraine war, and several other factors.

About this dataset

Context

The dataset presents the median household income across different racial categories in Denmark. It portrays the median household income of the head of household across racial categories (excluding ethnicity) as identified by the Census Bureau. The dataset can be utilized to gain insights into economic disparities and trends and explore the variations in median houshold income for diverse racial categories.

Key observations

Based on our analysis of the distribution of Denmark population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 91.57% of the total residents in Denmark. Notably, the median household income for White households is $67,231. Interestingly, White is both the largest group and the one with the highest median household income, which stands at $67,231.

https://i.neilsberg.com/ch/denmark-wi-median-household-income-by-race.jpeg" alt="Denmark median household income diversity across racial categories">

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates.

Racial categories include:

• White
• Black or African American
• American Indian and Alaska Native
• Asian
• Native Hawaiian and Other Pacific Islander
• Some other race
• Two or more races (multiracial)

Variables / Data Columns

• Race of the head of household: This column presents the self-identified race of the household head, encompassing all relevant racial categories (excluding ethnicity) applicable in Denmark.
• Median household income: Median household income, adjusting for inflation, presented in 2022-inflation-adjusted dollars

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Denmark median household income by race. You can refer the same here

The growth of the Danish gross domestic product (GDP) in 2020 was minus 2.1 percent. This is due to the outbreak of the coronavirus (COVID-19). However, the GDP recovered in 2021, growing by almost five percent. Denmark's GDP was forecast to grow by two percent in 2024.

As of December 2024, the inflation rate in the European Union was 2.7 percent, with prices rising fastest in Romania, which had an inflation rate of 5.5 percent. By contrast, both Ireland and Italy saw low inflation rates during the same period, with Ireland having the lowest inflation rate in the EU during this month. The rate of inflation in the EU in the October 2022 was higher than at any other time, with the peak prior to 2021 recorded in July 2008 when prices were growing by 4.4 percent year-on-year. Before the recent rises in inflation, price rises in the EU had been kept at relatively low levels, with the inflation rate remaining below three percent between January 2012 and August 2021. Rapid recovery and energy costs driving inflation The reopening of the European economy in 2021 following the sudden shock of COVID-19 in 2020 is behind many of the factors that have caused prices to rise so quickly in 2022. Global supply chains have not yet recovered from production issues, travel restrictions, and workforce problems brought about by the pandemic. Rising energy costs have only served to exacerbate supply problems, particularly with regard to the transport sector, which had the highest inflation rate of any sector in the EU in December 2021. High inflation rates mirrored in the U.S. The high inflation rates seen in Europe have been reflected in other parts of the world. In the United States, for example, the consumer price index reached a 40-year-high of seven percent in December 2021, influenced by many of the same factors driving European inflation. Nevertheless, it is hoped that once these supply chain issues ease, inflation levels will start to fall throughout the course of 2022.

Rents paid for housing in Denmark experienced a year-on-year increase between 2011 and 2023. However, the inflation-adjusted change was negative between 2021 and 2023, indicating that rents grew at a slower rate than inflation during this period. In 2023, the nominal increase in rents paid for housing rose to 2.75 percent, whereas the real change (adjusted for inflation) was recorded at a negative 0.56 percent.

About this dataset

Context

The dataset presents the median household incomes over the past decade across various racial categories identified by the U.S. Census Bureau in Denmark. It portrays the median household income of the head of household across racial categories (excluding ethnicity) as identified by the Census Bureau. It also showcases the annual income trends, between 2011 and 2021, providing insights into the economic shifts within diverse racial communities.The dataset can be utilized to gain insights into income disparities and variations across racial categories, aiding in data analysis and decision-making..

Key observations

• White: In Denmark, the median household income for the households where the householder is White increased by $9,441(16.34%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $57,790 in 2011 and $67,231 in 2021.
• Black or African American: Even though there is a population where the householder is Black or African American, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
• Refer to the research insights for more key observations on American Indian and Alaska Native, Asian, Native Hawaiian and Other Pacific Islander, Some other race and Two or more races (multiracial) households

https://i.neilsberg.com/ch/denmark-wi-median-household-income-by-race-trends.jpeg" alt="Denmark, WI median household income trends across races (2011-2021, in 2022 inflation-adjusted dollars)">

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates.

Racial categories include:

• White
• Black or African American
• American Indian and Alaska Native
• Asian
• Native Hawaiian and Other Pacific Islander
• Some other race
• Two or more races (multiracial)

Variables / Data Columns

• Race of the head of household: This column presents the self-identified race of the household head, encompassing all relevant racial categories (excluding ethnicity) applicable in Denmark.
• 2010: 2010 median household income
• 2011: 2011 median household income
• 2012: 2012 median household income
• 2013: 2013 median household income
• 2014: 2014 median household income
• 2015: 2015 median household income
• 2016: 2016 median household income
• 2017: 2017 median household income
• 2018: 2018 median household income
• 2019: 2019 median household income
• 2020: 2020 median household income
• 2021: 2021 median household income
• 2022: 2022 median household income
• Please note: 2020 1-Year ACS estimates data was not reported by Census Bureau due to impact on survey collection and analysis during COVID-19, thus for large cities (population 65,000 and above) median household income data is not available.
• Please note: All incomes have been adjusted for inflation and are presented in 2022-inflation-adjusted dollars.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Denmark median household income by race. You can refer the same here

The average inflation rate in Norway was forecast to continuously decrease between 2024 and 2029 by in total 1.3 percentage points. The inflation is estimated to amount to two percent in 2029. The International Monetary Fund describes this indicator as a measure of inflation based upon the year on year change in the average consumer price index. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services. The values shown here refer to the year-on-year change in this index measure, expressed in percent.Find more key insights for the average inflation rate in countries like Iceland, Denmark, and Finland.

The average inflation rate in Finland was forecast to continuously increase between 2024 and 2029 by in total 0.8 percentage points. The inflation is estimated to amount to two percent in 2029. Following the definitions provided by the International Monetary Fund, this indicator measures inflation based upon the year on year change in the average consumer price index. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services. Depicted here is the year-on-year change in said index measure, expressed in percent.Find more key insights for the average inflation rate in countries like Iceland, Denmark, and Norway.