Denmark: Inflation moderates in August
Latest reading: Inflation inched down to 2.0% in August from July’s 2.3%, matching the Central Bank’s target. The result was driven by moderating price pressures for food plus housing and utilities. In contrast, transportation costs rebounded.
Annual average inflation remained at July’s 1.7% in August. Meanwhile, core inflation ticked up to 2.3% in August from the previous month’s 2.2%.
Finally, consumer prices fell 0.65% over the previous month in August, swinging from the 1.49% increase recorded in July. August’s result marked the weakest reading since August 2023.