Ifo pointed out that German companies intend to raise prices

According to the German Institute for Economic Research (Ifo), more and more German companies are planning price increases. This move indicates that inflation is not slowing down.

The Ifo inflation forecast for the coming months was 53.5 in September, compared with 48.1 in August.

The consumer price index (CPI) in Germany, which is adjusted to the average consumer price index (HICP) of the European Union (EU), rose by 10.9% year-on-year in September.

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