Denmark: Inflation accelerates in April from March
Latest reading: Consumer prices were up 1.4% on a year-on-year basis in April, following a 1.2% increase in the prior month. The moderate uptick in April inflation was mainly driven by rising fuel prices.
Relative to the previous month’s figures, there were higher price pressures for housing and utilities (0.0% on a year-on-year basis vs -0.3% in March), transportation (+3.3% vs +2.2% in March) and food and non-alcoholic beverages (+2.7% vs +1.8% in March). In contrast, price pressures reduced for clothing and footwear in April (-0.1% vs 0.0% in March).
Meanwhile, core consumer prices rose 1.6% on a year-on-year basis in April, following a 1.7% increase in the prior month.
Finally, consumer prices were up 0.24% in April in month-on-month terms, following a 0.04% fall in the previous month.