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(MNI) London
Germany's corporate sector is expected to raise prices to customers further in coming months, with the steepest increases expected in the service sector, but remain elevated across the economy, a survey for the Munich-based Ifo Institute published Monday shows.
According to Timo Wollmershauser, Ifo's head of forecasting, those pricing expectations will likely filter down into consumer prices, meaning 'inflation will remain above 4% for a while.'
The European Central Bank is growing increasingly concerned about the near-term outlook for inflation, with President Christine Lagarde saying on Feb 3 that risks in coming months were to the upside.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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