DENMARK / RankWire.AI / – Denmark’s annual consumer price inflation slowed to 1.7% in July from 1.9% in June, official data showed. Statistics Denmark reported a 1.3% monthly increase in consumer prices. Core inflation stayed at 2.3%, matching the June rate. The July figures reflected large movements in travel, housing, energy and food costs across the consumer basket.
The consumer price index stood at 102.92 in July, with 2025 serving as the base year of 100. Holiday home rentals and package holidays added 1.24 percentage points to the monthly CPI increase. Food contributed another 0.15 percentage point. Clothing, hotel accommodation and footwear reduced the monthly change by a combined 0.34 percentage point.
Rent remained the largest positive contributor to annual inflation, adding 0.55 percentage point to the July rate. Holiday home rentals contributed 0.51 point, while fuel added 0.39 point. Electricity prices lowered annual inflation by 0.68 point, the largest negative contribution among the listed components. Food reduced the rate by 0.26 point, while package holidays subtracted 0.06 point.
Service costs post strongest annual increases
Restaurant and hotel prices rose 8.1% from July 2025, marking the biggest increase among the main consumer categories. Transport prices climbed 5.5%, while information and communication prices increased 4.6%. Education costs advanced 4.5%, and insurance and financial services gained 2.9%. Food and nonalcoholic beverage prices fell 1.6%, while household furnishings, equipment and related services declined 1.1%.
Services prices increased 3.8% from a year earlier, while goods prices declined 0.7% over the same period. Higher rents remained the main factor behind the 2.3% core inflation reading. Housing, water, electricity, gas and other fuels showed no overall annual price change. Health prices rose 0.7%, while recreation, sport and culture prices increased 0.8%.
Denmark’s harmonised inflation rate declines
Denmark’s harmonised index of consumer prices rose 1.6% from July 2025, easing from 1.8% in June. The index provides a common basis for comparing inflation across European Union countries. Denmark’s national CPI includes owner occupied housing through estimated rental values, while the harmonised measure excludes that component. June data showed harmonised inflation of 1.0% in Sweden and 1.1% in the Czech Republic.
The net price index increased 2.6% year over year in July, compared with 2.7% in June. The harmonised index at constant tax rates rose 2.4% from a year earlier. Statistics Denmark compiles the CPI from about 23,000 prices collected across roughly 1,600 shops, companies and institutions. The agency has scheduled its next consumer price release for Sept. 10.