Denmark inflation rate for 2023 was 3.31%, a 4.39% decline from 2022.
Denmark inflation rate for 2022 was 7.70%, a 5.84% increase from 2021.
Denmark inflation rate for 2021 was 1.85%, a 1.43% increase from 2020.
Denmark inflation rate for 2020 was 0.42%, a 0.34% decline from 2019.
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.