Copenhagen, Denmark — Annual inflation in Denmark hit eight.7% final month, rising on the quickest tempo since 1983, whereas the determine in neighboring Norway reached 6.eight%, officers mentioned on Wednesday.
Statistics Denmark mentioned the worth of products has elevated by a mean of 13.2% prior to now 12 months, the best annual improve since February 1982, when the annual improve was the identical. Inside the items class, it’s largely about value will increase for meals, electrical energy, gas and fuel.
In Norway, the July figures marked “a traditionally excessive rise in costs for meals and non-alcoholic drinks”, in response to Statistics Norway’s Espen Kristiansen, saying there had been “an unusually robust rise in meals costs”. ”.
Within the 12 months, the costs of meals and non-alcoholic drinks elevated by 10.four%. From June to July this 12 months, they elevated by 7.6%, Statistics Norway mentioned.
“By no means earlier than have we measured an analogous improve in meals costs from month to month,” Kristiansen mentioned.
Denmark is a part of the European Union however shouldn’t be a part of the 19 nations that use the euro, whereas Norway shouldn’t be a member of the EU.
Annual inflation within the eurozone rose to a document eight.9% in July.
