Denmark: Inflation rises in April
May 12, 2014
In April, consumer prices rose 0.2% over the previous month, which was slightly above the 0.1% rise tallied in March. According to Statistics Denmark (DST), the figure mainly reflects that higher prices for transport as well as for restaurants and hotels more than offset lower prices for food and non-alcoholic beverages.
Annual headline inflation inched up from 0.4% in March to 0.7% in April, which marked the highest rate so far this year. Annual average inflation remained at March's 0.7%. HICP inflation (based on the harmonized index of consumer prices) rose from 0.2% in March to 0.5% in April, while annual average HICP inflation remained at March's 0.4%.
The Central Bank expects HICP inflation to be 1.8% in both 2014 and 2015. FocusEconomics Consensus Forecast panelists expect inflation to average 1.4% in 2014, which is unchanged from last month's estimate. For 2015, panelists expect inflation to average 1.6%.
Author: Dirina Mançellari, Senior Economist