Denmark: Inflation eases in May
June 12, 2017
Consumer prices declined 0.1% in May compared to the prior month, contrasting April’s 0.2% increase. According to Statistics Denmark (DST), the result was driven by lower prices for transport and cultural activities, which were partially offset by higher prices for food and non-alcoholic beverages.
Inflation came in at 0.8% in May, below 1.1% in April and marking a five-month low. The Harmonized Index of Consumer Prices (HICP) climbed 0.7% in May from the same month of the previous year (April: +1.0 year-on-year).