Denmark: Inflation maintains its slow descent in March
Consumer prices were flat month-on-month in March, easing from the 0.7% increase logged in February. According to Statistics Denmark, higher prices for clothes, shoes and books were offset by lower prices for holiday packages, air travel, and telecommunications services.
Inflation decreased slightly to 0.5% in March, down from 0.6% in February and undershooting analysts’ expectations of 0.6%. Annual average inflation was stable at February’s 1.1%.
Harmonized inflation (based on the Harmonized Index of Consumer Prices, HICP) also inched down, to 0.4% in March following February’s 0.5%, while annual average HICP inflation remained stable at February’s 1.0%.