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Peak Inflation: Ist die Teuerungswelle gebrochen?
[Peak Inflation: Has the Inflation Wave Been Broken?]

Author

Listed:
  • Ferdinand Fichtner

    (Hochschule für Technik und Wirtschaft Berlin)

  • Simon Junker

    (Verband Forschender Arzneimittelhersteller e.V.)

  • Claus Michelsen

    (Verband Forschender Arzneimittelhersteller e.V.)

  • Thore Schlaak

    (Bundesministerium der Finanzen)

Abstract

The slight slowdown of consumer price inflation in Germany in November does not yet constitute the beginning of lower inflation rates. Even though energy prices are dragging inflation, producer prices have drastically increased in the past year. Our estimates indicate that inflation rates will remain close to current levels until the end of 2023 and decrease only in 2024. Given the current fragile economic situation, restrictive monetary policy is not recommended. Rather, central banks should act attentively to prevent raising inflation expectations.

Suggested Citation

  • Ferdinand Fichtner & Simon Junker & Claus Michelsen & Thore Schlaak, 2022. "Peak Inflation: Ist die Teuerungswelle gebrochen? [Peak Inflation: Has the Inflation Wave Been Broken?]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 102(12), pages 976-978, December.
    • Handle: RePEc:spr:wirtsc:v:102:y:2022:i:12:d:10.1007_s10273-022-3349-3
    DOI: 10.1007/s10273-022-3349-3
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    More about this item

    Keywords

    E31; E37; E60;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

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