PRICE TRENDS

Consumer Prices

The annual increases in consumer prices are shown in Figure 1. For more details on consumer prices, see Table 1 and Table 2.

Seen over a longer period, price increases in Greenland follow developments in Denmark very closely as shown in Figure 2. The reason, of course, is that many goods are imported from Denmark.

Figure 1

Annual Increases in the Consumer Price Index

Source: Statistics Greenland and Statistics Denmark

Figure 2

Annual Change in the Consumer Price Index for Denmark and Greenland

Source: Statistics Greenland

Construction Cost Index

The development in the cost of house building and details on the construction costs are shown in Table 3.