Denmark: Inflation accelerates slightly in January
February 17, 2016
In January, consumer prices decreased 0.4% over the same month last year, which was down from the 0.1% drop observed in December and marked the steepest decrease in a year. According to Statistics Denmark (DST), the figure mainly reflected lower prices for clothing and footwear.
Inflation edged up from 0.4% in December to 0.6% in January, thus reaching a six-month high. Harmonized inflation came in at 0.4% in January, which was up from December’s 0.3%. Finally, annual average HICP inflation inched up from 0.2% in December to 0.3% in January.
Author: Dirina Mançellari, Senior Economist