For that indicator, we provide data for Denmark from 1960 to 2022. The average value for Denmark during that period was 4.4 percent with a minimum of 0.3 percent in 2016 and a maximum of 15.3 percent in 1974.
The latest value from 2022 is 7.7 percent. For comparison, the world average in 2022 based on 148
countries is 11.8 percent.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
Inflation in Denmark and other countries is usually calculated as the percent change in the Consumer Price Index (CPI) from one year to the next. The CPI represents the prices paid by the average urban consumer in each respective country. Inflation can also be calculated with other price indexes such as the Produce Price Index or the so-called GDP deflator.
Most countries try to keep inflation somewhere around 2-3 percent per year. That is too low to cause any problems for the businesses and households. At the same time, it is comfortably away from negative inflation, i.e. from deflation. Of course, this target is often missed.
Definition: Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.