Denmark: Inflation inches up in May
June 10, 2015
In May, consumer prices were flat compared to the previous month, which was down from the 0.08% increase seen in April and marked the lowest reading in four months. 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 0.5% in April to 0.6% in May. In addition, annual harmonized consumer prices increased 0.4% in May, which matched the previous month’s result. Moreover, annual average HICP inflation held steady in May at April’s 0.2%.
Author: Dirina Mançellari, Senior Economist