Denmark: Inflation inches up in June
July 10, 2015
In June, consumer prices were flat compared to the previous month, which matched the previous month’s reading. According to Statistics Denmark (DST), the figure mainly reflected that higher prices for non-alcoholic beverages offset lower prices for alcoholic beverages and tobacco.
Inflation inched up from 0.6% in May to 0.7% in June, thus reaching the highest reading in nearly a year. Annual harmonized consumer prices increased 0.4% in June, which matched the previous month’s result. Moreover, annual average HICP inflation held steady in June at May’s 0.2%.
Author: Dirina Mançellari, Senior Economist