According to a survey, fewer companies than recently want to raise their prices in the near future. As reported by the Ifo Institute, price expectations for the economy as a whole fell to 40.3 points in December from 46.2 points in the previous month. The sharpest declines were in manufacturing and construction, but companies in trade and service providers are also less likely to plan to raise their prices. “This means that the increase in producer and consumer prices should gradually slow down in the coming months. However, inflation rates will remain high,” said Ifo expert Timo Wollmershäuser. Grocery retailers are most likely to plan price increases. Price expectations also fell in drugstores and toy stores.
Ifo Institute – Fewer price increases – Economy
