Denmark: Consumer prices are flat in annual terms in April
May 11, 2020
Consumer prices fell 0.1% month-on-month in April, dragged on by lower fuel prices (March: -0.3% month-on-month). In annual terms, consumer prices were flat (March: +0.4% year-on-year), again due in significant part to weakness in fuel prices.
Looking ahead, price pressures are seen picking up slightly, but soft economic activity and continuing low oil prices will keep inflation low nonetheless.