Denmark: Inflation picks up in April
May 11, 2018
Consumer prices increased 0.5% month-on-month in April, following a flat reading in March. According to Statistics Denmark, higher prices for clothes, shoes and petrol drove the increase.
Inflation increased from 0.5% in March to 0.8% in April, which marked the first uptick in inflation since September 2017. Annual average inflation inched down, however, from 1.1% in March to 1.0% in April.
Harmonized inflation (based on the Harmonized Index of Consumer Prices, HICP) also picked up, to 0.7% in April from 0.4% in March, while annual average HICP inflation remained stable at March’s 1.0% reading.