Dusseldorf Inflation has Europe firmly in its grip. In the euro area, it rose to 8.9 percent in July, a new record since the introduction of the euro. According to a survey by management consultants McKinsey, it is not without reason that inflation is currently the greatest concern of Germans.
But the massive price increases could soon come to an end – at least in the USA. Many economists, including Tesla boss Elon Musk, see signs that inflation in the United States may already have peaked or may even have passed. “It will take a while in the euro area. The turning point is expected in September or October,” explains monetary policy expert Jan Mallien in the current episode of Handelsblatt Today.
He talks to host Anis Micijevic about why Europe is lagging behind the US in terms of inflation, what special risk factors need to be considered and whether he thinks it makes sense to continue with the nine-euro ticket.
More: Lindner makes a proposal for tax relief – top earners should benefit less
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