Bundesbank President Joachim Nagel expects strong wage increases

Bundesbank President Joachim Nagel expects strong wage increases

War, energy price shock, inflation, turnaround in interest rates: 2022 was an extreme year. But there is hope, says Bundesbank President Joachim Nagel star-Conversation – also on rising wages.

Mr. Nagel, who does the shopping in your family?
We’ll split it up. In any case, I do my shopping on Saturday because I usually cook at the weekend.

Then you also know the food prices …
Yes, absolutely.

When did you say: My goodness, but that’s expensive now?
In the spring with the egg and butter prices. Last week, for example, I noticed it particularly with the pasta. The 500 gram pack used to be at 1.49 euros. And now it is significantly higher, at two euros and sometimes even more.

Source: Stern

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