Denmark: Inflation stable in July
August 10, 2015
In July, consumer prices dropped 0.08% over the previous month, which was below the flat reading seen in June and marked a six-month low. According to Statistics Denmark (DST), the figure mainly reflected lower prices for clothing and shoes.
Inflation in July was stable at June’s 0.7%, thus remaining at the highest level in nearly a year. Annual harmonized consumer prices increased 0.5% in July, which came in above the 0.4% increase tallied in June. Moreover, annual average HICP inflation held steady in July at June’s 0.2%.
Author: Dirina Mançellari, Senior Economist