Inflation Denmark 2021
Average inflation: 1.9%
Current Inflation
Inflation is low at 1.9%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in November at 3.4%. The lowest inflation was in January at 0.6%.
- Highest month
- November: 3.4%
- Lowest month
- January: 0.6%
- Difference
- 2.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Alcoholic beverages, tobacco and narcotics with an average of 9.6%. The lowest price increase was in Communication with an average of -2.3%.
- Highest increase
- Alcoholic beverages, tobacco and narcotics: 9.6%
- Lowest increase
- Communication: -2.3%
Historical Context
Current inflation is 0.9% higher than the 5-year average of 1.0%.
- 5-year average
- 1%
- 10-year average
- 0.9%
- All-time high (2008)
- 3.4%
- All-time low (2016)
- 0.2%
Trend
Inflation shows an upward trend. Compared to 2020, inflation has risen by +1.5 percentage point.
- Change vs. previous year
- +1.5 percentage points
- Largest monthly swing
- November: +2.9 percentage points
ECB Target
Inflation is close to the ECB target of 2.0%.
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 €101.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2021
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2020 |
|---|---|---|
| January | 0.6% | -0.1 |
| February | 0.6% | -0.2 |
| March | 1.0% | +0.6 |
| April | 1.5% | +1.5 |
| May | 1.7% | +1.7 |
| June | 1.7% | +1.4 |
| July | 1.6% | +1.1 |
| August | 1.8% | +1.3 |
| September | 2.2% | +1.6 |
| October | 3.0% | +2.6 |
| November | 3.4% | +2.9 |
| December | 3.1% | +2.6 |
| Average | 1.9% |
Data source
Data from OECD. Last updated: 11/01/2026.