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Denmark inflation softens in July to near three-year low

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Christian Fernsby |
Denmark
Europe   The increase was driven by a sharp rise in prices for leisure and culture

Consumer prices in Denmark rose 0.6% in month-on-month terms in June, contrasting the 0.2% decline logged in June.

Topics: Denmark inflation

The increase was driven by a sharp rise in prices for leisure and culture, and hotels and restaurants.

Meanwhile, transport and food and non-alcoholic beverages costs also rose in the month.

Meanwhile, inflation weakened to 0.4% in July from 0.6% in June, marking the lowest reading since October 2016, while annual average inflation ticked down to 0.8% in July from 0.9% in June.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.1% in 2019, which is unchanged from last month’s forecast.

For 2020, panelists project inflation to average 1.4%.


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