🇩🇰Denmark inflation rate
released 19 Aug 2026 · data through July 2026 · next release expected 31 Aug 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 1.6% as of July 2026. That is 0.4 percentage points below Danmarks Nationalbank's 2% target, and 1.4 points below the eurozone average of 3.0%.
The breakdown shows core (excluding energy and food) at 2.7%, energy at -3.1%, food at -1.0% and services at 4.0%. The strongest pressure is in services (4.0%), while energy is the softest (-3.1%).
Month on month the headline eased from 1.8% to 1.6%, a step down from the month before.
Denmark ranks number 26 of 30 European economies by annual inflation, from highest to lowest, between Estonia and Hungary.
Denmark's harmonised inflation is 1.6% as of July 2026 — belowthe European Central Bank's 2% target by 0.4 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 1.6% as of July 2026.
- Is Denmark's inflation above or below Danmarks Nationalbank's 2% target?
- At 1.6%, it is 0.4 percentage points below Danmarks Nationalbank's 2% target.
- How does Denmark's inflation compare with the rest of Europe?
- Denmark ranks number 26 of 30 European economies by inflation, 1.4 points below the eurozone average of 3.0%.
- Did Denmark's inflation rise or fall last month?
- Month on month, the headline rate eased from 1.8% to 1.6% in July 2026.