Denmark: Inflation rises in July
August 25, 2012
In July, consumer prices were flat over the previous month, which followed the 0.2% drop tallied in June. According to Statistics Denmark (DST), the reading showed lower prices for clothing and footwear as well as for food and non-alcoholic beverages, which offset higher prices for transport and housing. Annual headline inflation inched up to 2.3% in July from 2.2% in June. Annual average inflation however, inched down to 2.5% from June's 2.6%. In addition, HICP inflation (based on the harmonized index of consumer prices) inched down to 2.1% from 2.2% in June. The Central Bank expects HICP inflation to reach 2.5% this year and 1.8% the next.