According to a survey by the Munich IFO Institute, inflation all over the world remains high. Economists worldwide expect a global rate of an average of 4.0 percent for 2025, as can be seen from a quarterly expert survey by the institute. This corresponds to the expectations of the previous quarter.
The expectations for Germany are stable over the next few years at 2.4 percent for 2025 and 2.3 percent for 2026 and 2028. “The inflation expectations have stabilized at a high level – both at short notice and with a view to the coming years,» said ifo researcher Philipp Heil. The current trade conflicts and import tariffs are essential drivers. Forecasts for 2027 were not queried.
For 2026, respondents assume a global average of 3.9 percent, for 2028 of 3.7 percent. The long -term expectations also stagnate at a relatively high level.
1340 business experts from 121 countries took part in the survey from June 17, 2025 to July 1, 2025.