Denmark: Inflation accelerates in December
January 15, 2016
In December, consumer prices were flat over the previous month, which was above the 0.3% decrease seen in November. According to Statistics Denmark (DST), the figure mainly reflected that lower prices for clothing and footwear offset higher prices for alcoholic beverages and tobacco.
Inflation edged up from 0.3% in November to 0.5% in December, thus reaching a four-month high. Harmonized inflation came in at 0.3% in December, which was up from November’s 0.1%. Finally, annual average HICP inflation inched up from 0.2% in November to 0.3% in December.
Author: Dirina Mançellari, Senior Economist