Denmark: Inflation inches down in April
May 11, 2015
In April, consumer prices increased 0.08% over the previous month, which followed the 0.46% increase tallied in March. According to Statistics Denmark (DST), the figure mainly reflected higher prices for clothing and footwear, as well as higher prices for food and non-alcoholic drinks.
Inflation inched down from 0.6% in March to 0.5% in April. March’s figure had marked an eight-month high. Annual average inflation held at March’s 0.5% in April. In addition, annual harmonized consumer prices increased 0.4% in April, which was up from the 0.3% increase seen in March. Contrary, annual average HICP inflation held steady at March’s 0.2% in April.
Author: Dirina Mançellari, Senior Economist