BERLIN (Reuters) – Germany’s Ifo price expectations index rose in December to its highest level since April 2023, with all economic sectors contributing to the increase, the Ifo economic institute said on Thursday.
The index rose to 19.7 points in December, compared to 15.8 points in November. Scores for Ifo price expectations indicate the percentage of companies that intend to increase prices.
“It is expected that in the coming months the inflation rate will stabilize at around 2.5%, i.e. above the European Central Bank’s target,” said Timo Wollmershaeuser, head of forecasts at If.
Price expectations for consumer, manufacturing and business service providers rose in December.
