New figures from Statistics Denmark show that the Danish inflation reached 2.0 percent in February – the highest since May last year.

In February, the overall consumer price index rose by 2.0 percent compared to the same month the previous year. In January, the corresponding increase was 1.5 percent.

The main contributors to inflation were housing costs, electricity and heating, as well as food and non-alcoholic beverages.

Louise Aggerstrøm Hansen, private economist and chief analyst at Danske Bank, highlights which food items are driving prices up the most:

– Food prices continued to rise in February, increasing by 5.7 percent compared to February last year. Dairy products were a major factor, with fresh milk becoming 9.7 percent more expensive, while egg prices rose by 8.1 percent. Coffee has also continued to get more expensive, now costing 18.5 percent more than a year ago. We are seeing the same trend of rising food prices across the rest of Europe,” she told Retailnews.

You can read more about February’s inflation HERE

Foto: Liuba Bilyk, Unsplash