Denmark: Inflation holds steady in April
Latest reading: Inflation held steady at March’s 1.5% level in April, marking the joint-lowest reading in over half a year. This result undershot the 2.0% target of the ECB, whose monetary policy decisions Denmark follows due to the krone’s peg to the euro. The release presented a mixed bag of price pressures; easing food inflation was offset by higher housing inflation and flat transport prices following last month’s decline.
Annual average inflation also mirrored March’s reading, with April recording 1.6%. That said, core inflation edged up to 1.7% in April, from 1.6% in the previous month.
Finally, consumer prices rebounded in April, rising by 0.08% from March’s 0.50% fall.