For over a month, Iran has in practice blocked the Strait of Hormuz to traffic. This has sent oil prices and, consequently, prices for gasoline and diesel soaring. (Archive photo). Photo: Thomas Traasdahl/Ritzau Scanpix
Higher fuel prices nudge inflation up
In March, Danish inflation reached 1.2 percent year-on-year, up from 0.7 percent in February. According to Statistics Denmark, the increase was primarily driven by rising transport costs, specifically fuel. This surge follows an energy price shock triggered by war in Iran, which saw oil prices...
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