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Denmark Inflation July 2021

Denmark: Inflation falls to three-month low in July

Consumer prices increased a seasonally-adjusted 0.67% from the previous month in July, markedly picking up from the 0.10% increase recorded in June. July’s uptick was the sharpest increase in prices since July 2020. The acceleration was broad-based, with greater price pressures recorded for food and non-alcoholic beverages, transportations and housing and utilities.

Inflation came in at a three-month low of 1.6% in July, down from June’s 1.7%. Meanwhile, the trend pointed up, with annual average inflation edging up to 0.9% in July (June: 0.8%). Lastly, core inflation fell to 0.9% in July, from the previous month’s 1.3%.

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