Germany expects inflation to ease to ECB target of around 2% next year – minister

The German government expects inflation to ease to the European Central Bank’s price stability target of around 2% next year, Economy Minister Robert Habeck said on Wednesday.

In its annual economic report, approved by Cabinet on Wednesday, the government predicts a national inflation rate (CPI) of 3.3% for 2022 after 3.1% in the previous year as higher energy costs and a scarcity of semiconductors and other intermediate products continue to push up overall prices.

Germany expects inflation to ease to ECB target of around 2% next year – minister