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Denmark out of deflation with slight CPI increase

Xinhua, March 10, 2015 Adjust font size:

Denmark gets out of its first deflation since 1954 as consumer prices rose slightly in February, data from the country's national statistical service showed Tuesday.

Denmark's consumer price index (CPI) increased by 0.2 percent in February compared to the same month in 2014, Statistics Denmark said in a statement.

"It is mainly price rises in gasoline and package holidays that have pulled up the annual price increase when compared to last month," the statistical institution explained.

However, energy prices still slowed down the overall price increase. There would be an annual price increase of 0.9 percent if energy and non-processed food were excluded from the calculation of the consumer index, the statement added.

Clothing and footwear registered the sharpest price rise of 4.6 percent as it comes to the end of the winter sales, while the prices of food and non-alcoholic beverages fell by 0.4 percent, mainly due to lower prices of fruits, milk, cheese and eggs, according to the statement.

Denmark experienced deflation for the first time in over six decades as consumer prices fell by 0.1 percent year on year in January. Endi