The federal government presented the annual economic report and wrote in it that the peak of inflation should be over.
The German Economic Institute (IW) believes that inflation has peaked. “Overall, the view of the current year seems more positive than the expectations from last year, which were still characterized by the risk of a gas shortage and very high inflation rates,” said institute head Michael Hüther of the Bayern media group (Wednesday edition). “The peak in inflation seems to have passed, so that we can expect an inflation rate of less than six percent this year.”
Hüther spoke before the presentation of the federal government’s annual economic report on Wednesday. Despite the burgeoning economic optimism, the government should not sit back, he warned. The acute challenges such as the energy price crisis should not be underestimated. For the time being there will continue to be an “acute energy and raw material problem”.