Inflation in the EU reaches a new record level – 11.4 percent in Denmark


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Inflation in the EU continues to rumble outwards, and in October it reached its highest level in 25 years.

This is shown by an EU harmonized consumer price index that Statistics Denmark published on Tuesday morning.

Inflation in Denmark is included as part of the index, and even here the figure has not been higher since 1997, when it began to be calculated.

In the 27 EU countries, inflation has risen to 11.5 percent, while for Denmark alone it has been calculated at 11.4 percent.

Statistics Denmark’s normal consumer price index recently put inflation in Denmark at 10.1 percent.

The difference is due, according to Niklas Praefke, chief economist at Ledernes Hovedorganisation, to the fact that owner-occupied homes are also included in the normal index.

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Source: www.berlingske.dk by www.berlingske.dk.

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