Denmark’s consumer price inflation eased for the second straight month in November to the lowest level in nine months, figures from Statistics Denmark showed Thursday.
The consumer price index rose 0.3 percent year-over-year in November, slightly slower than the 0.4 percent increase in October.
The latest rate of inflation was the weakest since February this year, when prices had risen only 0.2 percent.
The underlying inflation rate that excludes energy and unprocessed food prices, came in at 1.2 percent in November.
Prices of food and non-alcoholic beverages grew 0.7 percent annually in November and costs for services went up by 1.0 percent. At the same time, both transportation and communication costs dropped by 1.2 percent and 4.3 percent, respectively.
On a monthly basis, consumer prices fell 0.3 percent in November.
The EU measure of inflation, or HICP, edged up 0.1 percent yearly in November, following a 0.2 percent rise in the preceding month. Monthly, the HICP slipped 0.3 percent.
The material has been provided by InstaForex Company – www.instaforex.com