Denmark: Inflation up in August
September 10, 2012
In August, consumer prices added 0.31% over the previous month, which followed the flat reading seen in July. According to Statistics Denmark (DST), the reading reflected higher prices for energy products as well as for clothing and footwear. Annual headline inflation rose from 2.3% in July to 2.6% in August, the highest level in five months. Annual average inflation, however, was unchanged at July's 2.5%. In addition, HICP inflation (based on the harmonized index of consumer prices) jumped to 2.6% from 2.1% in July. The Central Bank expects HICP inflation to reach 2.5% this year and 1.8% the next.