ifo Institute assumes that inflation will continue to rise – More companies want to raise their prices

Price expectations for the coming months rose to 53.5 points for the economy as a whole in September, after a seasonally adjusted 48.1 in August. For food, the value even reached 100 points, after a corrected 96.9 in August. “Unfortunately, the wave of inflation shouldn’t abate just yet,” said ifo economics chief Timo Wollmershäuser. “There is still a lot in the price pipeline, especially for gas and electricity.”

In retail, according to the institute, price increases are planned in particular by the sellers of drugstore items (92.3 points), flowers, plants and pet supplies (89.6 points), toys (89.0 points), bicycles (84.4 points) and stationery (83.8). In industry, the clothing manufacturers are thus far ahead (83.5), the manufacturers of glass, ceramics and stones (77.3) and the manufacturers of electrical equipment (75.5) as well as the manufacturers of printed matter (70.3). follow. According to the ifo Institute, the numbers are also very high in gastronomy (87.4), in building maintenance (78.0) and in hotels (62.4). The points in the price expectations indicate what percentage of the companies want to increase their prices on balance.

BERLIN (Dow Jones)

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