Denmark: Inflation stable in August
September 10, 2015
In August, consumer prices dropped 0.30% over the previous month, which was below the 0.08% drop seen in July and marked a seven-month low. According to Statistics Denmark (DST), the figure mainly reflected lower prices for food and non-alcoholic beverages.
Inflation inched down from 0.7% in July to 0.5% in August, which marked the lowest reading in four months. Annual harmonized consumer prices increased 0.3% in August, which came in below the 0.5% increase tallied in July. Finally, annual average HICP inflation held steady in August at July’s 0.2%.
Author: Dirina Mançellari, Senior Economist