Denmark: Inflation eases in February
March 10, 2014
In February, consumer prices rose 0.7% over the previous month, which contrasted the 0.2% fall recorded in January. According to Statistics Denmark (DST), the figure mainly reflects that higher prices for housing offset lower prices for food and non-alcoholic beverages and for transport. Annual headline inflation fell from 1.0% in January to 0.5% in February. Annual average inflation inched down from 0.8% in January to 0.7% in February. HICP inflation (based on the harmonized index of consumer prices) fell from 0.8% in January to 0.3% in February, while annual average HICP inflation reached 0.4%, which was down from the 0.5% recorded in January. The Central Bank expects HICP inflation to be 1.9% in 2014. FocusEconomics Consensus Forecast panelists expect inflation to average 1.4% in 2014, which is unchanged from last month's estimate. For 2015, panelists expect inflation to average 1.6%.
Author: Dirina Mançellari, Senior Economist