Denmark'S Clothing Retail Sales Shrink Sharply And Price Increases Are Limited.
Danish consumers in August
Price
The rate of increase is slowing down, and the annual inflation rate has decreased from 2.9% to 2.6%.
The inflation rate is expected to continue to decline in the coming months.
Prices rose by 0.5% in May.
Nykredit Financial Services Company
Economics
Tore Stramer, a scholar, 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
clothing
Price increases are limited, resulting in lower inflation.
This confirms that clothing retailing is shrinking sharply, thereby dampened prices.
In addition, global food prices have stopped rising, and food prices have remained unchanged in recent months.
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