Denmark: Inflation records over seven-year high in May
Consumer prices rose a seasonally-adjusted 0.19% over the previous month in May, below April’s 0.38% increase. Looking at the details of the release, the result was due to softer price growth for food and non-alcoholic beverages.
Inflation came in at 1.7% in May, up from April’s 1.5%. May’s reading was the highest inflation rate since December 2012. Consequently, the trend pointed up, with annual average inflation coming in at 0.7% in May (April: 0.6%). Lastly, core inflation rose to 1.3% in May, from April’s 0.9%.