Is inflation under control?
Is the headline running above or below the published core measures, and what does the CPI leave out?
Is the headline above or below core inflation?
Statistics Denmark publishes both the headline CPI and a core CPI that leaves out energy and unprocessed food. When the headline is above core, energy and fresh food are pushing prices up faster than everything else; when it is below, they are holding the headline down.
Headline and published core measures
Annual change. Statistics Denmark's core CPI, Eurostat's core HICP and HICP services, against official CPI.
- Official CPI
- Official Danish core CPI
- Core HICP
- Services
- ECB 2% target
Headline minus core
Official CPI minus Statistics Denmark's core CPI in the same month, percentage points.
- Headline above core
- Headline below core
What the CPI leaves out: buying a home
The CPI counts living in your own home as the rent an equivalent home would cost. The price of buying a home is published separately, so house-price rises do not appear in the CPI.
- House prices
- Owner-occupied housing in the CPI
- Official CPI
How Denmark compares
EU-harmonised inflation (HICP) in September 2026, the measure built to compare countries. Denmark has the 3rd lowest rate of the 12 countries shown.
EU-harmonised inflation
- Iceland5.4%
- Spain5.0%
- Italy4.2%
- Poland4.0%
- Euro area3.8%
- EU3.8%
- Norway3.4%
- France3.4%
- Germany3.3%
- Netherlands3.0%
- Finland2.7%
- Denmark2.1%
- Switzerland1.2%
- Sweden1.0%
Green is close to the 2% target, orange further from it, red more than 3 points above.
Denmark and its neighbours over time
Annual change in EU-harmonised consumer prices.
- Denmark
- Sweden
- Norway
- Germany
- Euro area
Inside the price basket
Services, goods, food and energy move at different speeds. These are their annual price changes and shares of the EU-harmonised basket.
- Services48% of basket3.4%
- Non-energy goods27% of basket0.3%
- Food, alcohol & tobacco17% of basket−1.4%
- Energy8% of basket8.7%