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Denmark Inflation December 2022

Denmark: Inflation plunges to lowest level since July in December

Inflation came in at 8.7% in December, which was down from Novembers 8.9%. December’s reading marked the lowest inflation rate since July. Looking at the details of the release, the moderation was chiefly due to prices for housing and utilities, as well as for food and non-alcoholic beverages rising at weaker rates in December, which more than offset prices for transportation increasing at a brisker pace.

Still, annual average inflation rose to 7.7% in December (November: 7.2%). Meanwhile, core inflation rose to 6.6% in December, from the previous month’s 6.0%.

Lastly, consumer prices fell a seasonally adjusted 0.60% in December over the previous month. Decembers data points to a more moderate drop than the 0.85% fall seen in November.

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