Denmark: Inflation moderates in August
September 12, 2016
In August, consumer prices fell 0.3% on a monthly basis, which came in below July’s 0.1% decrease. According to Statistics Denmark (DST), the figure mainly reflected lower prices for clothing and footwear and communication. Conversely, prices at restaurants and hotels rose.
Inflation inched down from July’s 0.3% to 0.2% in August. HICP inflation, which is based on the harmonized index of consumer prices, came in at 0.0% in August, which was slightly down from July’s 0.1%. Finally, annual average HICP inflation remained stable at July’s 0.1%.