Denmark: Inflation stable in June
July 10, 2014
In June, consumer prices fell 0.1% over the previous month, which mirrored the decrease recorded in the previous month. According to Statistics Denmark (DST), the figure mainly reflects lower prices for leisure and culture as well as for healthcare.
Annual headline inflation was stable at May’s 0.5% in June. Annual average inflation was also stable at May’s 0.6%, which is the lowest rate on record. HICP inflation (based on the harmonized index of consumer prices) inched up from 0.3% in May to 0.4% in June, while annual average HICP inflation remained at May’s 0.4%.
Author: Dirina Mançellari, Senior Economist