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10/5, 8:37 AM (Source: TeleTrader)
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German inflation unlikely to subside soon, Ifo warns

Additional companies in Germany plan to increase their prices this month amid prolonged inflation pressures, the latest report from the Ifo Institute for Economic Research warned on Wednesday.

According to the report, price expectations rose to 53.5 points in September from the previous month, meaning more than half of the surveyed companies confirmed their intention to raise prices.

"Unfortunately, this probably means the wave of inflation isn't about to subside. Especially when it comes to gas and electricity, the price pipeline is not yet exhausted," Ifo forecast head Timo Wollmershauser said.

Baha Breaking News (BBN) / ND