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MNI BRIEF: Fewer German Firms Looking To Hike Prices - Ifo

(MNI) LONDON
(MNI) London

Consumer-facing service sector driver for lower price expectations index, Munich-based institute says.

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Fewer German companies looked to increase their selling prices in February, the IFO Institute said Wednesay, suggesting a further slowing of inflationary pressures in coming months.

The IFO Price Expectation Index fell to 15.0, down from 18.8 in January, largely driven by the consumer-related sectors, where price expectations fell from 32.4 to 28.9. “This suggests that in the coming months, inflation will continue to decline,” said Timo Wollmershäuser, Head of Forecasts at ifo.

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Fewer German companies looked to increase their selling prices in February, the IFO Institute said Wednesay, suggesting a further slowing of inflationary pressures in coming months.

The IFO Price Expectation Index fell to 15.0, down from 18.8 in January, largely driven by the consumer-related sectors, where price expectations fell from 32.4 to 28.9. “This suggests that in the coming months, inflation will continue to decline,” said Timo Wollmershäuser, Head of Forecasts at ifo.

Keep reading...Show less