Denmark inflation softens in July to near three-year lowChristian Fernsby ▼ | August 13, 2019
Consumer prices in Denmark rose 0.6% in month-on-month terms in June, contrasting the 0.2% decline logged in June.
Europe The increase was driven by a sharp rise in prices for leisure and culture
Topics: Denmark inflation
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%. ■