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MNI BRIEF: Fewer German Companies Looking At Price Hikes - Ifo

Price hikes from German firms becoming less of an issue as the economic slowdown bites, Ifo says.

MNI (LONDON) - Fewer German companies are looking to raise their prices, the Ifo Institute said Monday, with the latest price expectations index dropping to 13.8 in September, down from 16.1 points in August. This month's reading is the lowest since February 2021.

“Overall, the inflation rate in Germany in the coming months is likely to remain below the two percent mark targeted by the European Central Bank, as the economic crisis is reducing the scope for companies to raise their prices,” Timo Wollmershäuser, Head of Forecasts at ifo said. (see MNI INTERVIEW: VW Crisis Should Be Wake-Up Call - IWK's Demary)

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MNI (LONDON) - Fewer German companies are looking to raise their prices, the Ifo Institute said Monday, with the latest price expectations index dropping to 13.8 in September, down from 16.1 points in August. This month's reading is the lowest since February 2021.

“Overall, the inflation rate in Germany in the coming months is likely to remain below the two percent mark targeted by the European Central Bank, as the economic crisis is reducing the scope for companies to raise their prices,” Timo Wollmershäuser, Head of Forecasts at ifo said. (see MNI INTERVIEW: VW Crisis Should Be Wake-Up Call - IWK's Demary)

Keep reading...Show less