Denmark: Inflation ticks up slightly in February
Consumer prices increased 0.6% in month-on-month terms in February, up from January’s 0.1% rise. The increase was driven by higher prices for leisure and culture; clothing and footwear; and food and non-alcoholic beverages and tobacco.
Meanwhile, inflation inched up to 0.8% in February from 0.7% in January, while annual average inflation was unchanged at January’s 0.7%.
Looking ahead, softer economic activity will likely weigh on inflation; however, higher taxes on tobacco products, and ultra-low mortgage rates should stoke price pressures this year.