
Slight drop in Danish inflation in September
In September, Danish inflation saw a small decrease, with consumer prices rising 1.3 percent compared to the same month the previous year, a 0.1 percentage point dip from August, remaining below the target of about two percent annual inflation. The decrease was partly due to lower electricity costs in September, although rent increases offset this decline. Tore Stramer, chief economist at the Danish Chamber of Commerce, views the data as positive for the Danish economy, indicating that private sector employees are recovering from real wage losses caused by inflation, a trend expected to extend to public sector workers and welfare recipients, thereby supporting consumer spending and economic growth. Palle Sørensen, chief economist at Nykredit, anticipates a rise in inflation in the coming months but expects it to decrease after the new year without posing serious threats to Danish households. Core inflation, excluding energy and unprocessed raw materials, climbed from 1.2 percent in August to 1.6 percent in September.