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Denmark Inflation March 2022

Denmark: Inflation comes in at highest level since our records began

Consumer prices increased a seasonally-adjusted 0.64% from the previous month in March, softening from the 1.02% increase recorded in February. Looking at the details of the release, the moderation was due to unchanged prices for food and non-alcoholic beverages, while prices for leisure and cultural services declined.

Inflation came in at 5.4% in March, which was up from February’s 4.8%. March’s figure represented the highest inflation rate since our current records began. Consequently, annual average inflation rose to 2.9% in March (February: 2.5%). Finally, core inflation rose to 3.2% in March, from the previous month’s 2.7%.

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