Denmark: Denmark records lowest inflation rate in over 60 years
January 12, 2015
In December, consumer prices fell 0.23% over the previous month, which mirrored November’s result. According to Statistics Denmark (DST), the figure mainly reflected lower prices for clothing and footwear, as well as for transportation.
Annual headline inflation fell from November’s 0.5% to a record low level of 0.3% in December. Annual average inflation for 2014 was 0.6%, which was below the 0.8% recorded in 2013. The figure marked the lowest level in over 60 years. In addition, HICP inflation (based on the harmonized index of consumer prices) fell from November’s 0.2% to 0.1% in December. Annual average HICP inflation averaged0.3% in 2014, which was below 2013’s 0.5%.