As noted, many residents will have to cut costs and do without vacations, cars and restaurants.

According to the publication, "young and less well-off people will suffer the most, and they will probably have to get used to the worst."

It is emphasized that food prices in Denmark are also rising. 

Earlier, the owner of a diner in the UK spoke about the shortage of butter and complained about rising prices.

The Daily Mail newspaper previously reported that in the UK fruits and vegetables have risen in price by 30%, vegetable oil - by 50-70%.

As The Independent wrote, the UK is expected to experience the largest drop in living standards since the 1950s due to rising gas and electricity prices.