Denmark set for another year of low inflation

Denmark's November inflation again dropped, because of decline in the oil prices.

Hence, albeit the oil prices are expected to rebound and go into upward trajectory in next year, the inflation forecasts are lowered.

As the inflationary pressures are raising, the inflation is expected to increase significantly in the longer term.

"Given our inflation outlook, we expect Danes to experience solid real income gains again next year, supporting consumer spending and hence GDP growth", says Danske Bank in a research note.