Monthly inflation rate (CPI) in Denmark 2020-2023

Published by Statista Research Department, Sep 1, 2023
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 3.1 percent by July 2023. 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.

Annual change in the monthly Consumer Price Index (CPI) in Denmark from January 2020 to July 2023

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Source

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Release date

August 2023

Region

Denmark

Survey time period

January 2020 to July 2023

Supplementary notes

The source adds the following information: 'The price indices for April 2020 - June 2021 are more uncertain than usual, as the non-response rate has been larger than normal and some businesses have been shut down. Since July 2021 it has been possible to collect prices from all businesses once again.'

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