Denmark: Inflation rises slightly in November
December 12, 2016
Consumer prices in Denmark fell by 0.1% in November compared to the prior month, below the 0.2% figure recorded in October. According to Statistics Denmark (DST), the fall was driven by lower prices for transport, household equipment, recreation and culture, and restaurants and hotels.
Inflation came in at 0.4% in November, which was above the 0.3% registered in October and marked the highest rate since January. The Harmonized Index of Consumer Prices (HICP) climbed 0.1% in November, mirroring October’s figure, while annual average HICP inflation was flat in November, identical to October’s reading.
Author: Oliver Reynolds, Economist