Denmark: Inflation stable in June
July 10, 2013
In June, consumer prices dropped 0.1% over the previous month, contrasting the 0.1% rise recorded in May. According to Statistics Denmark (DST), the print reflects lower prices for clothing and footwear as well as for household equipment. Annual headline inflation, however, remained stable at 0.9% in June. Despite the stable annual figure, annual average inflation fell from 1.8% in May to 1.7% in June. Meanwhile, HICP inflation (based on the harmonized index of consumer prices) remained stable at 0.6% in June. Annual average HICP, nevertheless, fell from 1.6% in May to 1.5% in June. The Central Bank expects HICP inflation to reach 0.8% this year and 1.9% the next. FocusEconomics Consensus Forecast panellists expect inflation to average 1.8% in 2013. For 2014, panellists expect inflation to average 1.9%.