Denmark: Inflation edges up in May
Consumer prices rose 0.2% month-on-month in May, coming in below April’s 0.5% increase. According to Statistics Denmark, higher prices for fuel and hotel and cottages drove the increase.
Inflation increased from 0.8% in April to 1.1% in May. Meanwhile, annual average inflation inched up from 1.0% in April to 1.1%. Harmonized inflation (based on the Harmonized Index of Consumer Prices, HICP) also picked up, to 1.0% from 0.7% in April. Annual average HICP inflation remained stable, meanwhile, at April’s 1.0% reading.