Inflation in the northern European country of Denmark has hit a four-decade high amid soaring food and energy costs, officials said on Monday.
Copenhagen-based Statistics Denmark, a Danish governmental organization under the Ministry of the Interior and Housing, said the nation’s Consumer Price Index soared 8.9 percent in August from a year prior and was up from 8.7 percent in July.
“This is the highest annual increase in the Consumer Price Index since January 1983, when the annual increase was 9.0 percent,” officials said.
The soaring cost of living was driven largely by price changes to goods, which have increased by an average of 13.4 percent over the past year, including the annual price of food, electricity, gas, and fuel….