Denmark: Inflation stabilizes in July
August 10, 2016
In July, consumer prices fell 0.1% on a monthly basis, which contrasted the 0.1% increase observed in the previous month. According to Statistics Denmark (DST), the figure mainly reflected lower prices for clothing and footwear and communication. Conversely, prices for restaurants and hotels rose.
Inflation rested at June’s four-month high of 0.3% in July. HICP inflation, which is based on the harmonized index of consumer prices, came in at 0.1% in July, matching June’s result. Finally, annual average HICP inflation was also stable in July, remaining at June’s 0.1%.