Inflation Denmark 2008
Average inflation: 3.4%
Current Inflation
Inflation is high at 3.4%, well above the ECB target.
Peak and Trough
The highest inflation was in August at 4.4%. The lowest inflation was in December at 2.4%.
- Highest month
- August: 4.4%
- Lowest month
- December: 2.4%
- Difference
- 2.0 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food and non-alcoholic beverages with an average of 7.6%. The lowest price increase was in Clothing and footwear with an average of -0.5%.
- Highest increase
- Food and non-alcoholic beverages: 7.6%
- Lowest increase
- Clothing and footwear: -0.5%
Historical Context
Current inflation is 1.4% higher than the 5-year average of 2.0%.
- 5-year average
- 2%
- 10-year average
- 2.2%
- All-time high (1989)
- 4.8%
- All-time low (2004)
- 1.1%
Trend
Inflation shows an upward trend. Compared to 2007, inflation has risen by +1.7 percentage point.
- Change vs. previous year
- +1.7 percentage points
- Largest monthly swing
- August: +3.5 percentage points
ECB Target
Inflation is 1.4% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €103.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2008
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2007 |
|---|---|---|
| January | 2.9% | +1.1 |
| February | 3.1% | +1.2 |
| March | 3.1% | +1.1 |
| April | 3.3% | +1.7 |
| May | 3.4% | +1.7 |
| June | 3.8% | +2.4 |
| July | 4.0% | +2.8 |
| August | 4.4% | +3.5 |
| September | 4.1% | +2.8 |
| October | 3.7% | +2.0 |
| November | 2.7% | +0.3 |
| December | 2.4% | +0.1 |
| Average | 3.4% |
Data source
Data from OECD. Last updated: 11/01/2026.