Denmark: Tax cuts keep inflation below the euro area – Nordea
Nordea economist Jan Størup Nielsen notes that Danish inflation eased slightly in July, with headline consumer prices up 1.7% year-over-year and core inflation steady at 2.3%.
Nordea economist Jan Størup Nielsen reports that Danish inflation slowed in July, with overall consumer prices rising 1.7% year-over-year, down from 1.9% in June. Core inflation remained steady at 2.3%, largely due to lower electricity tariffs and falling food prices, particularly pork. This places Denmark's inflation below the 2.9% rate in the eurozone. The government's decision to lower electricity tariffs to the EU's minimum rate contributed 0.68 percentage points to the decrease in annual inflation.
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