The proportion of companies planning to raise prices in Germany further decreased

By: Trademagazin Date: 2023. 05. 26. 11:01

In May, fewer German companies planned price increases in the next three months than a month earlier, according to the data of the survey published on Friday by the German economic research institute ifo.

According to data published by ifo (ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München e.V.) on Friday, price expectations for the entire economy in Germany fell to 19.0 points in May, a level not seen since the beginning of 2021, after 21.5 points in April. This was the eighth consecutive month of decline.

The indicator shows how many companies plan to raise prices in the next three months. It is calculated by subtracting the percentage of companies planning to cut prices from the percentage of companies planning to raise prices. ifo does not ask about the extent of the planned price changes.