Denmark: Inflation eases in December
January 10, 2012
In December, consumer prices remained unchanged over the previous month, which was broadly in line with the virtually flat reading recorded in November (-0.08% month-on-month). According to Statistics Denmark (DST), the reading was the result of higher prices for food and non-alcoholic beverages as well as for health, which completely offset lower prices for clothing and footwear. As a result of the monthly figure, annual headline inflation inched down from 2.6% in November to 2.5% in December, which was in line with market expectations. Overall, inflation in 2011 reached an average of 2.8%, above the 2.3% observed in 2010.