In August, the total consumer price index (CPI) increased by 1.4% in Denmark compared to the same month last year, up from a 1.1% increase in July. The rise in inflation from July to August is largely attributed to higher electricity prices. Over the past year, services have seen an average price increase of 2.5%, primarily due to higher rent costs.
Goods have risen by an average of 0.3% due to increased prices for electricity, district heating, and food. Core inflation, which excludes energy and non-processed food, rose by 1.2% in August, mainly driven by rent price increases.
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In August, Denmark's EU-harmonised inflation was 1.4%. July figures showed an increase in EU-harmonised inflation for the 27 EU countries to 2.8%, up from 2.6% in June. Finland reported the lowest EU-harmonised inflation at 0.5%, followed by Latvia at 0.8% and Denmark at 1.0%. Romania had the highest inflation at 5.8%, followed by Belgium at 5.4% and Hungary at 4.1%.
More information:
Danmarks Statistik
www.dst.dk