Danish Inflation Rate Falls as Chocolate, Cheese Prices Decline

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Denmark’s inflation rate was lower than expected in April, dragged down by lower prices for chocolate, cheese and ice cream.

The consumer price index rose 1% from the same month a year earlier, Statistics Denmark said in a statement on Friday. That missed the average estimate of 1.1% in a survey of four economists and was down from an annual rate of 1.2% in March.

Prices rose 0.3% in April from March, the statistics office said. Economists had expected a monthly increase of 0.4%.

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