According to an Ifo survey, fewer companies want to raise their prices overall. However, inflation rates are expected to remain high. More price increases are also expected in some sectors, including gastronomy.
Inflation appears to be slowing further: According to an Ifo survey, fewer companies than in the previous month planned to raise their prices in December. Accordingly, fewer price increases are to be expected in the near future, especially in manufacturing and construction. Price expectations are also falling in retail and among service providers.
“As a result, the increase in producer and consumer prices should gradually slow down in the coming months,” explained Timo Wollmershäuser, head of the ifo economic forecasts on Tuesday. “However, inflation rates will remain high.”
Inflation: More price increases expected in gastronomy and retail
According to the survey, most price increases are planned in the food retail sector. However, it is less than in November, when almost every company in the industry planned to do so. Many companies also planned increases in drugstores and in the toy trade in December, albeit significantly less than in the previous month.
Food
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On the other hand, more price increases than before are to be expected in the catering trade and in the retail trade with clothing, home textiles and carpets. According to the survey, only one branch of the economy is planning price reductions, namely the paper industry.
Source: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
