Inflation in Denmark hits 40-year high ...News

Russia Today - Economy
Inflation in Denmark hits 40-year high
source : Russia Today ( News ) () 30
Higher costs for electricity, energy and food are the major driving forces behind the rise, official data shows Consumer prices in Denmark in May were 7.4% higher than a year earlier, official data released on Friday shows. That is the highest 12-month inflation recorded in the country since 1983, The Local reports. The rise has been blamed on soaring electricity, energy and food prices. According to Mathias Dollerup Sproegel, senior economist with Sydbank, the average household budget for a family with two children in Denmark is now 30,000 kroner ($4,264) more per year compared to a year ago. “The Danish economy

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