Price Shock From Iran War: Inflation Jumps up – and that's Just the Beginning
11 Articles
11 Articles
The Iran war pushes prices up noticeably: Inflation in Germany increased significantly in March – especially energy is becoming increasingly expensive for consumers. Experts warn of further price pressure.
The increase in company price expectations in Germany occurs after a significant increase in oil, gas and electricity prices due to the war in the Middle East.
Inflation in Germany is again rising noticeably. More expensive energy prices are triggered by the Iran war and the situation on the streets of Hormus. The ifo barometer indicates how wide the shock will become.
Due to the consequences of the Iran war, significantly more companies in Germany want to increase their prices.
German companies are planning price increases, according to a survey by the Munich-based Ifo Institute for Economic Research. The price expectations indicator rose to 25.3 points in March from 20.3 points in February, the highest level since March 2023. "Price pressures are rising noticeably again," said Klaus Wohlrabe, head of research at Ifo, commenting on the survey.
If Germany is not to slide into the next economic crisis, the federal government must do more. Much more.
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