Denmark'S Clothing Retail Sales Shrink Sharply And Price Increases Are Limited.
Denmark's consumer price inflation slowed down in August and the annual inflation rate dropped from 2.9% to 2.6%.
Expected in the coming months
Inflation
The rate will continue to decline.
Prices rose by 0.5% in May.
Nykredit financial services
ToreStramer, a company economist, said clearly that inflation has now shifted and will continue to decline, which will be slightly below 2% by the end of this year.
Inflation is a positive development because even though economic activity is weak, inflation has been too high in the past few years.
Nykredit analysis shows that food and
Rising clothing prices
Limited, resulting in lower inflation.
This confirms that clothing retailing is shrinking sharply, thereby dampened prices.
In addition, global food prices have ceased to rise and grain prices remain unchanged in recent months.
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