Monday, the Statistics Denmark said in a report that the EU harmonized index of consumer prices or HICP increased 1.6% year-over-year in March compared to a 1.7% rise recorded in the previous month.

On a monthly basis, the HICP was up 0.4% in March.

Inflation in the European Union stood at 1.3% in March, down from 1.8% increase in the preceding month.

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