Denmark Inflation Rate (CPI YoY %) - Historical Data
Year-on-year percentage change in the headline Consumer Price Index (CPI) for Denmark from 1914 to 2026, compiled from the BIS Long Consumer Prices archive (WS_LONG_CPI). The latest inflation rate is 2.05% (Aug 2026) compared with the Danmarks Nationalbank official target of Fixed Exchange Rate Policy (ERM II EUR Peg).
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Current Statistics & Historical Records
Latest Reading (Aug 2026)
2.05%
Prev (Jul 2026): 1.73%+0.32 pp
Highest Recorded (Oct 1940)
30.57%
Peak consumer price inflation rate in Denmark (Danmarks Nationalbank mandate: Fixed Exchange Rate Policy (ERM II EUR Peg)).
Lowest Recorded (1922)
-16.67%
Lowest recorded CPI inflation / deflation reading in Denmark.
Long-Run Mean (1914–2026)
4.06%
113 annual observations · Monthly
Danmarks Nationalbank · DKK
Denmark Inflation Rate (CPI YoY %) (1914-2026)
% YoYDrag to pan, scroll to zoom, or toggle between full archive (1914–2026) and recent monthly observations.
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Source: Bank for International Settlements (BIS) & National Statistical Office (WS_LONG_CPI:M:DK:771)
Latest: 2.05% (Aug 2026)
Denmark Inflation Rate Averages by Decade
Decadal mean, peak, and trough across the 1914–2026 archive
| Decade | Years Covered | Decade Mean | Decade High (Year) | Decade Low (Year) |
|---|---|---|---|---|
| 1910s | 1914–1919 | 14.79% | 18.18% (1916) | 5.56% (1914) |
| 1920s | 1920–1929 | -2.00% | 19.51% (1920) | -16.67% (1922) |
| 1930s | 1930–1939 | 0.71% | 4.25% (1934) | -6.06% (1931) |
| 1940s | 1940–1949 | 5.55% | 22.12% (1940) | -0.60% (1946) |
| 1950s | 1950–1959 | 3.77% | 11.44% (1951) | 0.46% (1953) |
| 1960s | 1960–1969 | 5.51% | 8.13% (1968) | 1.24% (1960) |
| 1970s | 1970–1979 | 9.29% | 15.24% (1974) | 5.88% (1971) |
| 1980s | 1980–1989 | 6.91% | 12.33% (1980) | 3.71% (1986) |
| 1990s | 1990–1999 | 2.11% | 2.65% (1990) | 1.22% (1993) |
| 2000s | 2000–2009 | 2.11% | 3.41% (2008) | 1.17% (2004) |
| 2010s | 2010–2019 | 1.22% | 2.75% (2011) | 0.26% (2016) |
| 2020s | 2020–2026 | 2.58% | 7.68% (2022) | 0.42% (2020) |
Complete Annual Historical Ledger (1914–2026)
Unit: % YoY · Source: Bank for International Settlements (BIS) & National Statistical Office (WS_LONG_CPI:M:DK:771)
| Year | Annual Value (% YoY) | Intra-Year Range (Min – Max) | Monetary Regime & Historical Context |
|---|---|---|---|
| 2026 | 1.45% | 0.72% – 2.05% | - |
| 2025 | 1.89% | 1.49% – 2.24% | Post-tightening monetary recalibration across advanced and emerging central banks |
| 2024 | 1.38% | 0.74% – 2.13% | G10 policy rates peak and pivot toward gradual monetary normalization |
| 2023 | 3.38% | 0.03% – 7.68% | - |
| 2022 | 7.68% | 4.36% – 10.20% | Global inflation surge triggers fastest synchronized rate hiking cycle in four decades |
| 2021 | 1.84% | 0.53% – 3.40% | - |
| 2020 | 0.42% | -0.07% – 0.75% | COVID-19 pandemic emergency rate cuts and record balance sheet expansion |
| 2019 | 0.74% | 0.32% – 1.29% | - |
| 2018 | 0.82% | 0.55% – 1.12% | - |
| 2017 | 1.14% | 0.58% – 1.60% | - |
| 2016 | 0.26% | -0.07% – 0.65% | Bank of Japan introduces Yield Curve Control (YCC); post-Brexit BoE easing |
| 2015 | 0.47% | -0.07% – 0.71% | - |
| 2014 | 0.55% | 0.34% – 1.03% | ECB and European peers introduce Negative Interest Rate Policy (NIRP) |
| 2013 | 0.78% | 0.37% – 1.24% | - |
| 2012 | 2.42% | 2.00% – 2.78% | - |
| 2011 | 2.75% | 2.49% – 3.08% | European Sovereign Debt Crisis and Swiss franc safe-haven surge |
| 2010 | 2.30% | 1.77% – 2.85% | - |
| 2009 | 1.32% | 0.84% – 1.89% | - |
| 2008 | 3.41% | 2.41% – 4.37% | Global Financial Crisis drives major central banks to the zero lower bound and QE1 |
| 2007 | 1.71% | 1.02% – 2.42% | - |
| 2006 | 1.89% | 1.54% – 2.14% | - |
| 2005 | 1.81% | 1.04% – 2.41% | - |
| 2004 | 1.17% | 0.72% – 1.71% | - |
| 2003 | 2.08% | 1.38% – 2.89% | - |
| 2002 | 2.43% | 2.08% – 2.75% | - |
| 2001 | 2.37% | 1.88% – 2.74% | Dot-com bust and synchronized G10 monetary easing cycle |
| 2000 | 2.93% | 2.40% – 3.27% | - |
| 1999 | 2.48% | 1.68% – 3.16% | Launch of the Euro and establishment of the European Central Bank (ECB) |
| 1998 | 1.82% | 1.40% – 2.42% | - |
| 1997 | 2.18% | 1.59% – 2.63% | Asian Financial Crisis triggers emergency EM currency defense hikes |
| 1996 | 2.16% | 1.78% – 2.49% | - |
| 1995 | 2.08% | 1.65% – 2.42% | - |
| 1994 | 2.00% | 1.83% – 2.28% | Global bond market selloff and pre-emptive Federal Reserve tightening cycle |
| 1993 | 1.22% | 0.93% – 1.55% | - |
| 1992 | 2.11% | 1.41% – 2.56% | European Exchange Rate Mechanism (ERM) crisis and Black Wednesday |
| 1991 | 2.41% | 1.76% – 2.94% | - |
| 1990 | 2.65% | 1.80% – 3.75% | German reunification tightening and Japanese asset bubble peak |
| 1989 | 4.78% | 4.42% – 5.10% | - |
| 1988 | 4.53% | 4.01% – 5.21% | - |
| 1987 | 3.99% | 3.03% – 5.24% | Louvre Accord and Black Monday central bank liquidity provision |
| 1986 | 3.71% | 1.78% – 4.50% | - |
| 1985 | 4.68% | 3.21% – 5.86% | Plaza Accord coordinated G5 currency intervention depreciates USD |
| 1984 | 6.35% | 5.59% – 6.94% | - |
| 1983 | 6.87% | 5.38% – 9.02% | - |
| 1982 | 10.17% | 8.85% – 12.33% | - |
| 1981 | 11.70% | 10.51% – 12.72% | Volcker disinflation peak pushes benchmark policy rates to postwar highs |
| 1980 | 12.33% | 10.45% – 14.18% | - |
| 1979 | 9.59% | 6.74% – 12.82% | Second oil shock; Paul Volcker appointed Federal Reserve Chair |
| 1978 | 10.08% | 7.14% – 13.00% | - |
| 1977 | 11.13% | 8.73% – 12.62% | - |
| 1976 | 8.87% | 4.68% – 13.15% | - |
| 1975 | 9.76% | 3.61% – 13.81% | - |
| 1974 | 15.24% | 13.93% – 16.24% | First OPEC oil shock triggers global stagflation and steep policy rate hikes |
| 1973 | 9.28% | 7.53% – 11.40% | - |
| 1972 | 6.56% | 6.39% – 6.97% | - |
| 1971 | 5.88% | 5.24% – 6.74% | Nixon Shock suspends USD gold convertibility; Bretton Woods system ends |
| 1970 | 6.50% | 5.35% – 7.59% | - |
| 1969 | 3.49% | 2.33% – 4.42% | - |
| 1968 | 8.13% | 4.57% – 12.11% | - |
| 1967 | 8.12% | 4.85% – 11.17% | - |
| 1966 | 7.10% | 5.90% – 8.29% | Credit crunch of 1966 and monetary tightening |
| 1965 | 6.85% | 5.40% – 8.51% | - |
| 1964 | 3.14% | 1.64% – 4.93% | - |
| 1963 | 6.18% | 1.94% – 8.59% | - |
| 1962 | 7.36% | 5.94% – 9.29% | - |
| 1961 | 3.46% | 1.01% – 5.42% | - |
| 1960 | 1.24% | 0.64% – 1.58% | - |
| 1959 | 1.73% | 1.51% – 2.30% | - |
| 1958 | 1.29% | -0.33% – 3.01% | Eisenhower recession and global monetary easing |
| 1957 | 3.19% | 1.83% – 4.04% | - |
| 1956 | 5.83% | 4.10% – 7.10% | - |
| 1955 | 4.51% | 3.19% – 6.30% | - |
| 1954 | 0.48% | -0.87% – 1.36% | Post-Korean War Federal Reserve policy rate normalization |
| 1953 | 0.46% | -0.44% – 1.83% | - |
| 1952 | 4.34% | 2.33% – 7.40% | - |
| 1951 | 11.44% | 10.42% – 13.27% | - |
| 1950 | 4.44% | 1.07% – 8.34% | - |
| 1949 | 1.57% | 0.00% – 3.45% | - |
| 1948 | 2.47% | 1.74% – 2.91% | - |
| 1947 | 2.53% | 0.64% – 3.57% | - |
| 1946 | -0.60% | -1.21% – 0.00% | - |
| 1945 | 1.06% | 0.64% – 1.22% | - |
| 1944 | 0.91% | 0.00% – 1.82% | - |
| 1943 | 1.86% | 0.00% – 3.75% | - |
| 1942 | 4.17% | 2.43% – 7.27% | - |
| 1941 | 19.40% | 11.79% – 28.02% | - |
| 1940 | 22.12% | 10.26% – 30.57% | - |
| 1939 | 1.44% | 0.00% – 4.74% | - |
| 1938 | 1.91% | -0.89% – 4.85% | - |
| 1937 | 2.95% | 1.08% – 4.80% | - |
| 1936 | 1.48% | 0.59% – 2.32% | - |
| 1935 | 3.49% | 2.43% – 4.34% | - |
| 1934 | 4.25% | 3.65% – 5.13% | - |
| 1933 | 2.48% | 0.67% – 3.99% | - |
| 1932 | -0.81% | -3.25% – 1.32% | - |
| 1931 | -6.06% | -6.70% – -5.03% | - |
| 1930 | -4.01% | -5.81% – -1.67% | - |
| 1929 | -1.17% | -1.76% – 0.00% | - |
| 1928 | -1.53% | -2.74% – 0.00% | - |
| 1927 | -5.11% | -6.71% – -3.58% | - |
| 1926 | -13.44% | -15.98% – -11.47% | - |
| 1925 | 1.72% | -5.25% – 5.73% | - |
| 1924 | 5.28% | 4.92% – 5.64% | - |
| 1923 | 5.71% | 5.71% – 5.71% | - |
| 1922 | -16.67% | -16.67% – -16.67% | - |
| 1921 | -14.29% | -14.29% – -14.29% | - |
| 1920 | 19.51% | 19.51% – 19.51% | - |
| 1919 | 17.14% | 17.14% – 17.14% | - |
| 1918 | 16.67% | 16.67% – 16.67% | - |
| 1917 | 15.38% | 15.38% – 15.38% | - |
| 1916 | 18.18% | 18.18% – 18.18% | - |
| 1915 | 15.79% | 15.79% – 15.79% | - |
| 1914 | 5.56% | 5.56% – 5.56% | - |
Frequently Asked Questions - Denmark Inflation Rate
What is the current inflation rate in Denmark?
As of Aug 2026, headline consumer price inflation in Denmark is 2.05% year-on-year, compared to the Danmarks Nationalbank target of Fixed Exchange Rate Policy (ERM II EUR Peg).
What was the highest inflation rate recorded in Denmark?
In the 1914-2026 series, Denmark CPI inflation peaked at 30.57% in Oct 1940 and reached a low of -16.67% in 1922.
Statistical Provenance
Source Metadata & Methodology Notes
- Primary Institution:
- Bank for International Settlements (BIS) & National Statistical Office
- Dataset / Dataflow:
- BIS Long Series on Consumer Prices (WS_LONG_CPI)
- Canonical Series ID:
- WS_LONG_CPI:M:DK:771
- Reuse & License:
- Terms of permitted use of BIS statistics
- Unit of measure: Year-on-year percentage change in headline consumer price index (UNIT_MEASURE=771).
- Central bank benchmark target: Fixed Exchange Rate Policy (ERM II EUR Peg) (Danmarks Nationalbank).
- Annual table values represent annual average inflation across each calendar year.
Academic & Media Attribution
Cite This Dataset (APA & BibTeX)
APA 7th Edition
CentralBankData.com. (2026). Denmark Inflation Rate (CPI YoY %), compiled from Bank for International Settlements (WS_LONG_CPI:M:DK:771). https://centralbankdata.com/denmark-inflation-rate
BibTeX
@misc{cbd_cpi_denmark,
author = {CentralBankData.com},
title = {Denmark Consumer Price Inflation Rate},
note = {Compiled from Bank for International Settlements WS_LONG_CPI:M:DK:771},
year = {2026},
url = {https://centralbankdata.com/denmark-inflation-rate}
}Related Danmarks Nationalbank & Global Series
Full Danmarks Nationalbank profile →Central Bank Interest Rates
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