Ifo institute sees German inflation slowing to 2-2.5% in 2022 - NewsBreak
By Olachi in Business
Updated 3 years ago
BERLIN (Reuters) - German inflation is expected to slow to 2% to 2.5% in 2022 from an estimated 3% this year, the Ifo economic institute said on Wednesday. "One-off effects will disappear at the start of 2022 as the year-earlier value-added tax cut ends and energy prices reach pre-crisis levels," Ifo chief economist Timo Wollmershaeuser said in a statement.
