The government has a few levers in terms of price developments.
(Photo: imago images / photothek)
Berlin Prices are rising, as is the tension in the election campaign. So it’s no wonder that inflation has also become a campaign issue. In August, the national inflation rate rose to 3.9 percent – the highest level in 28 years. The Union in particular has focused on the issue.
CSU boss Markus Söder calls for an “inflation brake”, Friedrich Merz holds Finance Minister Olaf Scholz (SPD) personally responsible. The price increase has “a name: Olaf Scholz”, according to Merz.
Price stability is actually the primary task of monetary politicians – and they sit in the Frankfurt Tower of the European Central Bank (ECB). The big question is: what role does financial policy play in the discussion about rising consumer prices? Can it have a major impact on inflation at all? And if so, how? The Handelsblatt gives answers to these questions.
What responsibility does politics have for the current price increases?
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