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Denmark Inflation March 2023

Denmark: Inflation recedes to near one-year low in March

Inflation fell to 6.7% in March from February’s 7.6%. March’s result marked the lowest inflation rate since April 2022. Looking at the details of the release, the moderation was largely due to slower growth in prices for housing and utilities. In addition, price pressures for transportation moderated. Moreover, prices for recreation and culture also grew at a more subdued pace.

However, the trend pointed up slightly, with annual average inflation coming in at 8.3% in March (February: 8.2%). Meanwhile, core inflation fell to 6.4% in March, from February’s 6.7%.

Finally, consumer prices fell a seasonally adjusted 0.17% over the previous month in March, swinging from the 0.95% rise seen in February.

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