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Denmark inflation eases from over one-year high in February

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Staff Writer | Wednesday March 13, 2019 6:30AM ET
Denmark
Europe   The uptick came on the back of higher prices for clothing

According to Statistics Denmark, consumer prices climbed 0.4% over the prior month in February, up from the 0.2% rise registered in January.


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The uptick came on the back of higher prices for clothing and footwear; transport; leisure and culture. On the other hand, prices for furnishings and household services fell in the month.

Inflation softened to 1.0% in February from an over one-year high of 1.3% in January. Meanwhile, annual average inflation was stable at January’s 0.9% in February.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.1% in 2019, which is down 0.2 percentage points from last month’s forecast. For 2020, panelists expect inflation to average 1.6%.

 

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