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Why prices have risen so sharply in west and east Germany

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  • Wolfgang Nierhaus

Abstract

This year the increase in consumer prices has accelerated clearly. Measured in terms of the price index for the cost of living of all private households, prices in all of Germany rose by 3.5% in May 2001. In regional terms, the cost of living increased in western Germany by 3.4% and in eastern Germany by 3.8%. During the further course of the year, the increase in consumer prices will be more moderate so that average annual inflation for the year will be 2¾% (in western Germany +2¾%; in eastern Germany +3%). Not until 2002 will inflation in Germany fall below the 2% level.

Suggested Citation

  • Wolfgang Nierhaus, 2001. "Why prices have risen so sharply in west and east Germany," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 54(11), pages 28-31, October.
    • Handle: RePEc:ces:ifosdt:v:54:y:2001:i:11:p:28-31
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    References listed on IDEAS

    as
    1. Mark A. Wynne, 2008. "Core inflation: a review of some conceptual issues," Review, Federal Reserve Bank of St. Louis, vol. 90(May), pages 205-228.
    2. Wolfgang Nierhaus, 1997. "Wie stark ist die D-Mark in Sachsen? - Ein Kaufkraftvergleich mit Westdeutschland," ifo Dresden berichtet, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 4(02), pages 10-15, October.
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    Cited by:

    1. Blum, Ulrich, 2011. "An Economic Life in Vain − Path Dependence and East Germany’s Pre- and Post-Unification Economic Stagnation," IWH Discussion Papers 10/2011, Halle Institute for Economic Research (IWH).

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    More about this item

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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