Denmark: Annual consumer prices register record decline in January
February 10, 2015
In January, consumer prices fell 0.54% over the previous month, which followed the 0.23% decline in December. According to Statistics Denmark (DST), the figure mainly reflected a steep drop in prices for clothing and footwear.
Annual consumer prices swung from a 0.3% increase in December to a 0.1% decrease in January, which marked a record low. Annual average inflation inched down from 0.6% in December to 0.5% in January, which also marked a record low. In addition, annual harmonized consumer prices declined 0.3% in January, which contrasted the 0.1% increase tallied in December. Annual average HICP inflation inched down from 0.3% in December to 0.2% in January.
Author: Carl Kelly, Economist