Denmark Inflation Hits One-Year High of 2.2 Percent
Statistics Denmark reported consumer price inflation rose to 2.2 percent in September, driven primarily by surging energy and transport costs.
Consumer price inflation in Denmark reached a one-year high of 2.2 percent year-on-year in September. According to data from Statistics Denmark, this figure represents an increase from the 2.0 percent rise recorded in August.
The acceleration was primarily driven by energy prices, which caused transport costs to surge by 7.7 percent. These increases were partially offset by a 2.1 percent decrease in the prices of food and non-alcoholic beverages. On a monthly basis, consumer prices remained flat, following a 0.3 percent decline in August.
Other indicators showed mixed results. EU harmonized inflation rose slightly to 2.1 percent from 2.0 percent the previous month. However, core inflation, which excludes energy and unprocessed food, softened to 1.9 percent from 2.2 percent in August.
