An growing variety of German firms are planning to boost their costs, the Ifo financial institute mentioned on Wednesday, including that this possible meant inflation was not about to chill.
Ifo mentioned its value expectations index for the approaching months stood at 53.5 factors in September, up from 48.1 in August.
“Sadly, this in all probability means the wave of inflation is not about to subside,” says Timo Wollmershaeuser, head of forecasts at ifo.
These ‘winter of discontent’ vibes continue to grow for Germany.
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