Denmark: Inflation increases in March
April 10, 2015
In March, consumer prices increased 0.46% over the previous month, which followed the 1.00% rise tallied in February. According to Statistics Denmark (DST), the figure mainly reflected a steep jump in prices for clothing and footwear, as well as higher prices for food and non-alcoholic drinks.
Inflation increased from 0.2% in February to 0.6% in March, thus reaching the highest level in eight months. Annual average inflation held at February’s 0.5% in March. In addition, annual harmonized consumer prices increased 0.3% in March, which was up from the flat reading tallied in February. Contrary, annual average HICP inflation held steady at February’s 0.2%.
Author: Dirina Mançellari, Senior Economist