Denmark: Inflation at three-year high in January
February 10, 2017
Consumer prices were unchanged in January compared to the prior month, mirroring December’s figure. According to Statistics Denmark (DST), the result was driven by higher prices for food and beverages, which were offset by lower prices for clothing and footwear as the winter collection of apparel saw the last weeks of season-end discounts.
Inflation came in at 0.9% in January, which was above the 0.5% in December and marked the highest rate since January 2014. The Harmonized Index of Consumer Prices (HICP) climbed 0.7% in January from the same month of the previous year (December: +0.3 year-on-year).