Denmark: Annual consumer prices increase in February after record decline in January
March 10, 2015
In February, consumer prices increased 1.00% over the previous month, which contrasted the 0.54% decline tallied in January and marked the largest monthly gain in two years. According to Statistics Denmark (DST), the figure mainly reflected a steep jump in prices for clothing and footwear, as well as higher prices for furnishings and household services.
Annual consumer prices rebounded from the record low 0.1% decrease in January to a 0.2% increase in February. Annual average inflation held at January’s 0.5% in February. In addition, annual harmonized consumer prices were flat in February, which was up from the 0.3% decrease tallied in January. Annual average HICP inflation held steady at January’s 0.2%.
Author: Carl Kelly, Economist