🇩🇰Denmark inflation rate
Last updated 1 Jul 2026 · data through May 2026 · next release expected 17 Jul 2026
Denmark sits outside the euro area, with its own currency and central bank. Harmonised inflation (HICP) — the EU-harmonised measure that makes prices comparable across Europe — stands at 1.8% as of May 2026. That is 0.2 percentage points below Danmarks Nationalbank's 2% target, and 1.0 point below the eurozone average of 2.8%.
The breakdown shows core (excluding energy and food) at 2.4%, energy at -0.4%, food at 0.2% and services at 3.9%. The strongest pressure is in services (3.9%), while energy is the softest (-0.4%).
Month on month the headline rose from 1.2% to 1.8%, extending the climb.
Denmark ranks number 28 of 30 European economies by annual inflation, from highest to lowest, between Czechia and Sweden.
Denmark's harmonised inflation is 1.8% as of May 2026 — belowthe European Central Bank's 2% target by 0.2 percentage points.
Compare with the rest of Europe on the European inflation ranking →
Frequently asked questions
- What is Denmark's current inflation rate?
- Denmark's annual inflation rate, measured by the harmonised index of consumer prices (HICP), is 1.8% as of May 2026.
- Is Denmark's inflation above or below Danmarks Nationalbank's 2% target?
- At 1.8%, it is 0.2 percentage points below Danmarks Nationalbank's 2% target.
- How does Denmark's inflation compare with the rest of Europe?
- Denmark ranks number 28 of 30 European economies by inflation, 1.0 points below the eurozone average of 2.8%.
- Did Denmark's inflation rise or fall last month?
- Month on month, the headline rate rose from 1.2% to 1.8% in May 2026.