According to the ministry of finance, prices will return to normal, early next year, as inflation will drop under 2%. The economy is still going strong as we expect a 3,4% growth in 2022. The expectations are that in 2023, your salary will increase more than prices and therefore you will be able to afford more.
However, according to one of the Danish Industry directors, Leif Nielsen, food prices could stay high for a few years. Why? Severe droughts in several parts of the world; the war in Ukraine and uncertainty on the financial markets. Although, he did concede that a fall in energy prices will also mean cheaper food.
In the meantime, inflation keeps breaking records. The total consumer prices have increased with 6,7% since April 2021. This is the highest annual increase since 1984.
