In January, the inflation rate in Germany fell for the first time in many months.
(Photo: dpa)
Berlin The federal government expects inflationary pressure to ease in Germany. “For the further course of the year, the futures contracts for crude oil point to a certain relaxation in energy prices,” says the monthly report published on Monday by the Federal Ministry of Economics. “If the delivery bottlenecks also continue to decrease, the inflationary pressure should also ease in the future.”
In January, the inflation rate fell for the first time in many months, but remained at an unexpectedly high level of 4.9 percent.
The ministry is also counting on a better economy, especially for the export-dependent industry. “At the current edge, the indicators point to a further stabilized situation in industry,” says the monthly report. Industrial production has recently increased again. “This means that the industry seems to be increasingly better able to cope with the supply bottlenecks for important inputs and raw materials,” the ministry concludes.
The German economy grew by 2.8 percent last year. A better performance was prevented above all by the industry, which despite full order books could not produce as much as actually possible.
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The reason for this is the lack of important preliminary products such as semiconductors. In its annual economic report, the federal government assumes that gross domestic product will grow by 3.6 percent this year. The pre-crisis level should then be reached again in the spring.
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