Inflation Denmark 1974
Average inflation: 15.2%
Inflation in 1974
Inflation is very high at 15.2%, far above the ECB target.
Peak and Trough
The highest inflation was in October at 16.8%. The lowest inflation was in February at 13.5%.
- Highest month
- October: 16.8%
- Lowest month
- February: 13.5%
- Difference
- 3.3 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is 6.5 percentage points higher than the 5-year average of 8.7%. This approaches the highest level since records began (15.2% in 1974).
- 5-year average
- 8.7%
- 10-year average
- 7.8%
- All-time high (1974)
- 15.2%
- All-time low (1969)
- 3.5%
Trend
Over the period 1972-1974, inflation shows an upward trend. Compared to 1973, inflation has risen by 5.9 percentage points.
- Change vs. previous year
- +5.9 percentage points
- Largest monthly swing
- January: +7.3 percentage points
ECB Target
Inflation is 13.2 percentage points above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for DKK 100 this year will cost approximately DKK 115.20 next year at this inflation rate.
Multi-year trend
Monthly figures 1974
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1973 |
|---|---|---|
| January | 14.4% | +7.3 |
| February | 13.5% | +5.7 |
| March | 13.8% | +6.1 |
| April | 14.2% | +5.8 |
| May | 14.3% | +5.6 |
| June | 15.4% | +6.6 |
| July | 16.0% | +6.7 |
| August | 15.9% | +6.3 |
| September | 16.6% | +6.7 |
| October | 16.8% | +6.5 |
| November | 16.5% | +5.3 |
| December | 15.5% | +2.9 |
| Average | 15.2% |
Data source
Data from OECD. Last updated: 20/12/2025.