FX.co ★ Denmark Inflation Rises to 1.2% in March

Denmark’s annual inflation rate climbed to 1.2% in March 2026, up from a twenty-two-month low of 0.7% in February. The increase was driven primarily by the transport category, where prices rose 2.2% after having fallen 0.8% in the previous month. This turnaround largely reflected sharply higher fuel costs, especially for diesel (up 18.3% after a 5.2% decline) and petrol (up 9% after a 5.6% drop).

Additional upward pressure came from information and communication services, where prices rose 4.5% compared with 3.1% in February, and from restaurants and accommodation, where inflation edged up to 1.4% from 1.3%. Inflation remained unchanged in education (4.5%) and in financial services and insurance (2.6%).

At the same time, price growth moderated for food and non-alcoholic beverages (1.8% vs 2.6%) and for recreation, sport, and culture (2.2% vs 3.3%). Housing and utilities prices continued to fall, though at a slower pace (-0.3% vs -0.9%).

On a monthly basis, consumer prices were flat in March, following a 1% increase in February. Core inflation—which excludes energy and unprocessed food—eased slightly to 1.7% from 1.8%, marking its lowest level since May 2025.