Denmark: Inflation increases to over three-year high in April
May 10, 2021
Consumer prices increased a seasonally-adjusted 0.38% over the previous month in April, accelerating from March’s 0.10% rise. Looking at the details of the release, April’s result was chiefly due to higher prices for food and clothing. That said, the overall increase was capped by lower prices for diesel.
Meanwhile, inflation came in at 1.5% in April, up from March’s 1.0%. April’s print was the highest inflation rate since October 2017. Consequently, the trend pointed up, with annual average inflation coming in at 0.6% in April (March: 0.4%). Lastly, core inflation inched up to 0.9% in April from March’s 0.8%.
Author: Marta Casanovas , Junior Economist