Denmark: Inflation drops further in March
April 11, 2016
In March, consumer prices increased 0.1% on a monthly basis, which followed the 0.7% increase seen in February and had marked the largest increase in a year. According to Statistics Denmark (DST), the figure mainly reflected higher prices for food and nonalcoholic beverages.
Inflation dropped from 0.3% in February to a flat reading in March, thus marking the lowest reading in over a year. Harmonized consumer prices dropped 0.3% on an annual basis, which contrasted the 0.1% increase seen in February. Finally, annual average HICP inflation in March was stable at the previous month’s 0.3%.
Author: Dirina Mançellari, Senior Economist