Denmark: Inflation accelerates in January
February 10, 2012
In January, consumer prices rose 0.32% over the previous month, well above the flat reading recorded in December. According to Statistics Denmark (DST), the reading was the result of higher prices for alcoholic beverages and tobacco as well as for services, which more than offset lower prices for clothing and footwear. As a result of the monthly figure, annual headline inflation rose from 2.5% in December to 2.8% in January, which overshot market expectations that had inflation at 2.6%. Annual average inflation remained unchanged at December's 2.8%. The Central Bank expects average inflation to moderate to 1.9% this year.