ifo Podcast: Inflation – Cure or Curse for the Economy?
Subscribe to the RSS feed for ifo Podcasts hereGermany's inflation peaked in October 2022, surpassing 10% for the first time in decades. In our podcast, we discuss the credibility of central banks, effective measures to protect citizens from inflation, and the long-term consequences of rising prices. Our guest is Timo Wollmershäuser, ifo's expert in monetary policy.
Price Expectations of Companies in Germany Marginally Higher
German companies’ price expectations for the coming months have risen marginally, finds the ifo Institute’s survey. They rose to 16.4 points in July, up from 16.3 points in June. “For the first time since October 2022, the share of companies planning to raise their prices has on balance not declined further,” says Timo Wollmershäuser, Head of Forecasts at ifo. A growing majority of the companies surveyed are planning further price increases, especially among retailers (34.8 points, up from after 32.9 points) and consumer-related service providers (32.9 points, up from 32.7 points). “This makes it likely that the decline in domestic inflation in particular will take a little longer,” Wollmershäuser adds.
Economic Experts Survey: Inflation Expectations Remain High Worldwide (Q2 2023)
How are economists’ expectations for future price developments unfolding worldwide? Are the central banks’ major interest rate hikes having an impact, and can we observe a decline in inflation expectations? The latest wave of the Economic Experts Survey (EES) conducted by the ifo Institute and the Swiss Economic Policy Institute examines economists’ inflation expectations at the global level. The result: inflation expectations remain at a high level worldwide. Even though it is true that the expected inflation rate for 2023 has declined slowly over the past three quarters, there have been no noticeable changes compared with the previous wave of the EES survey (first quarter of 2023).
Entstehungs- und einkommensseitige Determinanten der gesamtwirtschaftlichen Teuerung im Jahr 2022
ifo Institut, München, 2023
ifo Schnelldienst, 2023, 76, Nr. 07, 58-61