TELETRADER News
11/29/2022, 6:06 PM
(Source: TeleTrader)
Deutsche Bank: Core inflation might remain high
Deutsche Bank AG warned on Tuesday that Germany's annual core inflation rate might remain strong at around 8.1% this year before sliding to 7.5% in 2023 and eventually plunging to 3.8% the year after.
Commenting on the lower-than-expected preliminary inflation readings published earlier today, the bank's senior economist Sebastian Becker argued that the figures came as the result of lower energy prices and a stronger euro.
However, Becker stressed further decline could be expected next year after the government's "energy price brakes" take effect. Last week, Berlin decided to provide households and businesses with energy subsidies starting from January, two months earlier than initially planned.