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Denmark: Inflation inches down in February

Staff Writer |
Consumer prices rose 0.7% in Denmark compared to the previous month in February, contrasting January’s 0.3% decline.

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Higher prices for rent, air travel and clothing led the month-on-month reading, according to Statistics Denmark. Meanwhile, prices for books, oil and gas decreased over the prior month.

Inflation decreased slightly to 0.6% in February, down from 0.7% in January. Annual average inflation was stable at January’s 1.1%.

Harmonized inflation (based on the Harmonized Index of Consumer Prices, HICP) inched down from January’s 0.6% to 0.5% in February, while annual average HICP inflation inched down from 1.1% in January to 1.0% in February.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.3% in 2018, which is down 0.1 percentage points from last month’s estimate. For 2019, panelists expect inflation to average 1.6%.

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