Food Prices Set to Rise Again in Germany

Germans will have to brace themselves for further food price increases over the next few months. According to an ifo survey conducted in June among food, beverage, and tobacco retailers, price expectations are at 98.9 points, which means that almost all the retailers surveyed are planning to raise prices. The majority of the surveyed retailers in the other segments also intend to put prices up: their price expectations rose to 78.6 points, up from 75.5 points. “We can therefore expect inflation rates to remain high for the time being,” says Timo Wollmershäuser, Head of Forecasts at ifo.