Denmark's July inflation dips to 1.7%
The inflation rate in Denmark decreased in July to 1.7% year-on-year, marking its lowest level in three months, down from 1.9% in June. The monthly increase in consumer prices was 1.3%, with a significant rise in the costs of restaurants and hotels by 8.1%, and transportation inflation reaching 5.5%. Regarding essential goods, prices for clothing and footwear declined to 0.9%, while inflation for food and non-alcoholic beverages remained at -1.6%. Additionally, core inflation held steady at 2.3%.
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