Denmark: Inflation eases in May
June 10, 2014
In May, consumer prices fell 0.1% over the previous month, which contrasted the 0.2% rise tallied in April. According to Statistics Denmark (DST), the figure mainly reflects that higher prices for food and non-alcoholic beverages more than offset lower prices for transport.
Annual headline inflation inched down from 0.7% in April to 0.5% in May. Annual average inflation also inched down from 0.7% in April to 0.6% in May, which marked the lowest rate on record. HICP inflation (based on the harmonized index of consumer prices) fell from 0.5% in April to 0.3% in May, while annual average HICP inflation remained at April’s 0.4%.
Author: Dirina Mançellari, Senior Economist