Denmark: Inflation comes in at highest level in nearly four decades in June
July 11, 2022
Consumer prices increased a seasonally-adjusted 0.80% over the previous month in June, below May's 0.90% increase. June's result marked the weakest reading since March. The result was driven by moderating price pressures for transportation and food and non-alcoholic beverages. Moreover, prices for recreation and culture grew at a more subdued pace.
Inflation came in at 8.2% in June, up from May’s 7.4%. June's reading marked the highest inflation rate since February 1983. Consequently, the trend pointed up, with annual average inflation rising to 4.3% in June (May: 3.8%). Lastly, core inflation rose to 4.8% in June, from May’s 4.4%.