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Denmark Inflation May 2024

Denmark: Inflation comes in at highest level since August 2023 in May

Inflation came in at 2.2% in May, which was up from April’s 0.8%. May’s figure was the highest inflation rate since August 2023. May’s jump partly reflecting a fading high base effect. Looking at the details of the release, prices for housing and utilities rebounded in May. Meanwhile, prices for transportation rose at a quicker pace.

Still, the trend pointed down mildly, with annual average inflation coming in at 1.3% in May (April: 1.4%). Meanwhile, core inflation rose to 1.6% in May, from April’s 1.5%.

Finally, consumer prices recorded zero growth from the previous month in May, coming in below April’s 0.08% rise.

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