More German companies plan to raise prices - Ifo
Tweet
Share
E-mail
FILE PHOTO: Shoppers walk down a street illuminated with Christmas lights in Berlin December 18, 2008. REUTERS/Johannes Eisele (GERMANY)
BERLIN (Reuters) - An increasing number of German companies are planning to raise their prices, the Ifo economic institute said on Wednesday, adding that this likely meant inflation was not about to cool.
Ifo said its price expectations index for the coming months stood at 53.5 points in September, up from 48.1 in August.
"Unfortunately, this probably means the wave of inflation isn't about to subside," says Timo Wollmershaeuser, head of forecasts at ifo.
German consumer prices, harmonised to make them comparable with inflation data from other European Union countries (HICP), increased by 10.9% on the year in September. That put inflation at its highest in more than a quarter of a century.
(Writing by Paul Carrel; Editing by Shri Navaratnam)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- FOMC minutes from July 28-29th meeting
- Trump says Iran not ready to make the 'right deal'
- At least 13 Tunisians missing after migrant boat sinks off Tunisia, group says
Create E-mail Alert Related Categories
ReutersRelated Entities
Raising PricesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
