Denmark: Inflation remains steady in February
March 12, 2012
In February, consumer prices jumped 1.26% over the previous month, which is well above the 0.32% increase recorded in January. According to Statistics Denmark (DST), the reading was the result of higher prices for alcoholic beverages and tobacco as well as for clothing and footwear. Despite the sharp monthly rise, annual headline inflation remained unchanged at January's 2.8%. Annual average inflation also remained steady at 2.8% for the seventh consecutive month. The Central Bank expects average inflation to moderate to 1.9% this year.