Inflation Denmark 2004
Average inflation: 1.1%
Current Inflation
Inflation is low at 1.1%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in October at 1.7%. The lowest inflation was in March at 0.6%.
- Highest month
- October: 1.7%
- Lowest month
- March: 0.6%
- Difference
- 1.1 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Education with an average of 3.3%. The lowest price increase was in Alcoholic beverages, tobacco and narcotics with an average of -4.9%.
- Highest increase
- Education: 3.3%
- Lowest increase
- Alcoholic beverages, tobacco and narcotics: -4.9%
Historical Context
Current inflation is 1.1% lower than the 5-year average of 2.2%. This approaches the lowest level since records began (1.1% in 2004).
- 5-year average
- 2.2%
- 10-year average
- 2.2%
- All-time high (1989)
- 4.8%
- All-time low (2004)
- 1.1%
Trend
Inflation shows a downward trend. Compared to 2003, inflation has fallen by +1.0 percentage point.
- Change vs. previous year
- -1.0 percentage points
- Largest monthly swing
- March: -2.3 percentage points
ECB Target
Inflation is 0.9% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €101.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2004
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2003 |
|---|---|---|
| January | 1.2% | -1.3 |
| February | 1.0% | -1.8 |
| March | 0.6% | -2.3 |
| April | 0.9% | -1.5 |
| May | 1.3% | -1.0 |
| June | 1.1% | -1.2 |
| July | 1.4% | -0.5 |
| August | 1.1% | -0.7 |
| September | 1.1% | -0.8 |
| October | 1.7% | +0.3 |
| November | 1.2% | -0.4 |
| December | 1.2% | -0.2 |
| Average | 1.1% |
Data source
Data from OECD. Last updated: 11/01/2026.