Denmark: Danish inflation has topped out |
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After a long period of sharply rising prices, the headline inflation rate edged down a little from 4.3% in August to 4.2% in September. We had expected a fall to 4.1%. Especially food prices appear to have topped out for now. We believe that lower energy and food price inflation could take the inflation rate down below 3% by early 2009. Food prices were down 0.5% from August to September and now are running “only” 8.5% above their year-earlier level. The fall in food prices, which was driven
Filed under: Fundamental
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