SJF Bank says Denmark inflation rises to 2.2% in September, still far below 2022 peak
SPY•Danish inflation rose to 2.2% in September from 2.0%, while core inflation eased to 1.9% from 2.2%. Lower electricity taxes capped the headline rate; without the tax change, inflation would have been 3.0%.
1. Inflation picks up
SJF Bank said Danish inflation rose to 2.2% in September from 2.0%, remaining far below its 2022 peak above 10%. Energy prices remained the main driver, while core inflation eased to 1.9% from 2.2%, signalling limited pass-through.
2. Taxes and household budgets
Lower electricity taxes helped cap the headline rate; inflation would have been 3.0% without the tax change. Household purchasing power continued to improve as wage growth outpaced prices, while Middle East tensions were identified as the key upside risk.
3. Comparison with peers
The brief put euro zone inflation at 3.8% in September and said US inflation was expected at 3.6%.
