Inflation & Prices
Danish Inflation Almost Gone With Lowest Price Hikes Since 2020
- Inflation rate comes down from four-decade high to almost zero
- Nordic country’s central bank doesn’t have an inflation target
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Denmark recorded almost no inflation last month as the rate of price increases dropped to its lowest since May 2020, dragged down by lower prices for electricity and heating.
The inflation rate is now at levels last seen when Denmark held the world record in negative interest rates. The Nordic country, whose central bank doesn’t even have an official inflation target, has now seen one of Europe’s fastest swings in price increases as the rate of inflation was at four-decade high just 12 months ago.