FOREX TradingCharts.com

Financial News: Denmark Inflation Steady At 0.5% In August

Denmark Inflation Steady At 0.5% In August

09/10/2020 - 03:29:00 (RTTNews)

(RTTNews) - Denmark's consumer price inflation was unchanged in August as the effect of the coronavirus pandemic continued to ebb, preliminary data from Statistics Denmark showed on Thursday.

The consumer price index climbed 0.5 percent year-on-year, the same as in July.

The consumer price index for August is affected by COVID-19, but not to the same extent as July and previous months, as the drop in price observations has been smaller, the agency said.

Headline inflation was driven to a large extent by price changes in alcoholic beverages and tobacco, mainly the price hike for cigarettes.

Prices of cigarettes surged by 27.7 percent annually as the taxes on tobacco were hiked. Excluding that, cigarette prices would have risen only 0.2 percent.

Core inflation, which excludes prices of energy and fresh food, eased to 0.9 percent from 1 percent in the previous month, largely due to the drag from price changes in hotel overnight stays.

Compared to the previous month, the CPI decreased 0.4 percent in August, which was the biggest decline in a year. The slump was led by falling prices for charter travel, holiday rentals and air travel.

The agency noted that it was still not possible to obtain prices from certain sectors due to the effect of the coronavirus pandemic.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Leading Economic Index Suggests Rebound May Be Losing Stream (04 hr(s), 24 min(s), 18 sec(s) ago)
(RTTNews) - A report released by the Conference Board showed a continued increase by its reading o ...Full Story»

U.S. Consumer Sentiment Improves Much More Than Expected In September (04 hr(s), 37 min(s), 18 sec(s) ago)
(RTTNews) - After reporting an unexpected increase in U.S. consumer sentiment in the previous mont ...Full Story»

Italy Current Account Surplus Rises For First Time Since April (05 hr(s), 06 min(s), 18 sec(s) ago)
(RTTNews) - Italy's current account surplus increased for the first time in four months in Jul ...Full Story»

Croatia Jobless Rate Steady At 9% In August (05 hr(s), 37 min(s), 18 sec(s) ago)
(RTTNews) - Croatia's unemployment rate remained unchanged in August after easing in the previ ...Full Story»

Poland's Industrial Output Rises Less Than Expected (06 hr(s), 27 min(s), 18 sec(s) ago)
(RTTNews) - Poland's industrial production grew less than expected in August, data from Statis ...Full Story»

Russia's Central Bank Keeps Rate On Hold (07 hr(s), 50 min(s), 18 sec(s) ago)
(RTTNews) - Russia's central bank left its key interest rate unchanged at a record low as wide ...Full Story»

Italy's Industrial Orders Rise In July (09 hr(s), 02 min(s), 18 sec(s) ago)
(RTTNews) - Italy's industrial orders and turnover increased for the third consecutive month i ...Full Story»

Eurozone Current Account Surplus Falls In July (09 hr(s), 16 min(s), 18 sec(s) ago)
(RTTNews) - The euro area current account surplus declined in July due to a fall in primary income ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Leading Economic Index Suggests Rebound May Be Losing Stream

09/18/2020 - 10:27 AM (RTTNews)
(RTTNews) - A report released by the Conference Board showed a continued increase by its reading o ...Full Story>>

U.S. Consumer Sentiment Improves Much More Than Expected In September

09/18/2020 - 10:14 AM (RTTNews)
(RTTNews) - After reporting an unexpected increase in U.S. consumer sentiment in the previous mont ...Full Story>>

Italy Current Account Surplus Rises For First Time Since April

09/18/2020 - 09:45 AM (RTTNews)
(RTTNews) - Italy's current account surplus increased for the first time in four months in Jul ...Full Story>>

Croatia Jobless Rate Steady At 9% In August

09/18/2020 - 09:14 AM (RTTNews)
(RTTNews) - Croatia's unemployment rate remained unchanged in August after easing in the previ ...Full Story>>

Poland's Industrial Output Rises Less Than Expected

09/18/2020 - 08:24 AM (RTTNews)
(RTTNews) - Poland's industrial production grew less than expected in August, data from Statis ...Full Story>>

Do not sell my personal information

Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.