According to TV2, inflation has reached its highest level in two years. Food prices, in particular, are contributing to the overall price increase.
Denmark's inflation rate rose in September to 2.3 % year-on-year, according to figures released by Statistics Denmark.
In particular, food and non-alcoholic beverages are contributing to the price increases, and in August, the annual rate of increase in the Consumer Price Index was 2.0%.
The inflation rate in September was the same as in July, its highest level since August 2023, about two years ago.
Food prices rose by 4.5% year-on-year in September.
Meat, egg and dairy product prices rise
According to the source, meat and dairy products in particular have become more expensive. For example, beef and veal prices rose by 24.1% in one year, and poultry prices, including chicken, rose by slightly more than 5%.
Egg prices rose by 8.6%, while cheese prices rose by 9.3%, according to TV2.
Prices of goods in large stores are expected to rise further during the current month of October, due to the new packaging tax, which came into effect at the beginning of the month, according to Mathias Dollrup Sprügel, chief economist at Sydbank, as reported by TV2.
Expected decline in 2026
However, inflation is generally considered to be under control. Nevertheless, many consumers still have the impression that inflation is rising rapidly due to higher food prices: “The goods we buy most often are very important in our assessment of inflation, and this is perhaps also one of the important reasons why consumer confidence is close to the levels it was at during the financial crisis,” he wrote in a comment to TV2.
In 2026, consumers can look forward to further tax cuts, and according to Danish Business Council chief economist Tore Stramer, this means inflation will likely fall.
Specifically, the overall inflation rate is expected to reach 1.8% this year, before falling to 0.9% in 2026: “The marked decrease in inflation in 2026 should be seen primarily in the context of the reduction of the electricity tax to the minimum EU rate and the tax relief being implemented on coffee and chocolate,” wrote Tory Stramer in a commentary, according to TV2.
