Denmark: Inflation picks back up again in July
August 11, 2014
In July, consumer prices fell 0.1% over the previous month, which mirrored the decrease recorded in June. According to Statistics Denmark (DST), the figure mainly reflects lower prices for leisure and culture as well as for healthcare.
Annual headline inflation rose from June’s 0.5% to 0.8%, which represents the highest rate in half a year. Annual average inflation was stable at June’s 0.6%. HICP inflation (based on the harmonized index of consumer prices) inched up from 0.4% in June to 0.5% in July, while annual average HICP inflation remained at June’s 0.4%.
Author: Dirina Mançellari, Senior Economist