Statistics Denmark recently published a graph which shows, what consumers have felt for a long time: Wages rise, but the real income is falling.
In 2022, consumer prices rose so much, Danes got 5.1 percent poorer, and even though some wholesale prices started to fall in 2023, price hikes still consumed all wage increases in 2023, leading to a real income rise of 0 percent.
I wonder if larger countries are doing better because of stronger retail competition.
Source: https://www.dst.dk/da/Statistik/nyheder-analyser-publ/nyt/NytHtml?cid=48357
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No, not in the USA. Most people I know are calling it "greedflation". Wholesale costs are stable or down, retail costs are way up, corporate profits are breaking records.
