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Denmark Inflation July 2018

Denmark: Inflation stable in July

Consumer prices rose 0.8% month-on-month in July, contrasting June’s 0.1% decline. According to Statistics Denmark, July’s figure was driven by higher prices for services—particularly leisure and culture; and restaurants and hotels. In contrast, prices for goods declined on sharply lower clothing and footwear prices.

Inflation came in at 1.1% in July, unchanged from June’s print, while annual average inflation was also steady at 1.1%.

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