Denmark: Inflation comes in at highest level in four decades in September
Inflation soared to 10.0% in September from August’s 8.9%. September’s result represented the highest inflation rate since 1982. Looking at the details of the release, the result was primarily driven by rising prices for housing and utilities.
Consequently, the trend pointed up, with annual average inflation coming in at 6.2% in September (August: 5.5%). Meanwhile, core inflation edged down to 5.9% in September, from August’s 6.0%.
Lastly, consumer prices increased a seasonally adjusted 1.31% over the previous month in September, after August’s flat result. September’s figure was the highest reading since April.