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Denmark Inflation Accelerates In October

Denmark's consumer price inflation accelerated in October, led by higher air fares and transport costs, preliminary data from Statistics Denmark showed on Monday.

The consumer price index rose 0.8 percent year-on-year following 0.6 percent increase in September.

Transport costs climbed 3.1 percent from a year ago, mainly due higher prices for petrol and diesel. In contrast, communication costs dropped 1.7 percent due to lower mobile charges.

On a month-on-month basis, the CPI rose 0.3 percent in October. Clothes and furniture components registered the biggest gains of 1.1 percent each.

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