In May 2024, price expectations in Germany increased to 16.2 from 15.2 in April, with manufacturing and wholesale sectors experiencing the most significant gains. However, consumer-related industries saw a decline in price expectations during this period.
Price expectations in Germany increased slightly in May 2024, according to the ifo Institute survey. The index rose to 16.2 points from 15.2 points in April. In contrast, price expectations in consumer-related industries decreased. Timo Wollmershauser, head of forecasts at ifo, predicts that inflation will likely fall below 2 percent by August 2024.
In manufacturing and wholesale sectors, more companies are planning to increase prices. Manufacturing price expectations rose to 7.6 from 6.0 points, and wholesale expectations increased to 11.2 from 7.8 points.
