FILE PHOTO: Shoppers wear mask and fill Cologne’s main shopping street Hohe Strasse (High Street) in Cologne, Germany, 12, December, 2020. REUTERS/Wolfgang Rattay/File Photo
September 15, 2021
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.
(Reporting by Maria Sheahan; Editing by Riham Alkousaa)
Source: One America News Network
