Denmark Inflation


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.


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Denmark Inflation Chart

Denmark Inflation August 2012

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: Statistics Denmark (DST).

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