Inflation Denmark 2022
Average inflation: 7.7%
Current Inflation
Inflation is very high at 7.7%, far above the ECB target.
Peak and Trough
The highest inflation was in October at 10.1%. The lowest inflation was in January at 4.3%.
- Highest month
- October: 10.1%
- Lowest month
- January: 4.3%
- Difference
- 5.8 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 11.5%. The lowest price increase was in Health with an average of 1.9%.
- Highest increase
- Food and non-alcoholic beverages: 11.5%
- Lowest increase
- Health: 1.9%
Historical Context
Current inflation is 5.4% higher than the 5-year average of 2.3%. This approaches the highest level since records began (7.7% in 2022).
- 5-year average
- 2.3%
- 10-year average
- 1.5%
- All-time high (2022)
- 7.7%
- All-time low (2016)
- 0.2%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +5.8 percentage point.
- Change vs. previous year
- +5.8 percentage points
- Largest monthly swing
- September: +7.8 percentage points
ECB Target
Inflation is 5.7% 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 €100 this year will cost approximately €107.70 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 4.3% | +3.7 |
| February | 4.8% | +4.2 |
| March | 5.4% | +4.4 |
| April | 6.7% | +5.2 |
| May | 7.4% | +5.7 |
| June | 8.2% | +6.5 |
| July | 8.7% | +7.1 |
| August | 8.9% | +7.1 |
| September | 10.0% | +7.8 |
| October | 10.1% | +7.1 |
| November | 8.9% | +5.5 |
| December | 8.7% | +5.6 |
| Average | 7.7% |
Data source
Data from OECD. Last updated: 11/01/2026.