# Exclusive-German govt expects inflation to surge to 2.9% in 2021 – source
Published: 2021-10-26
Category: News
Category URL: https://business.express/category/news/
Meta Title: Exclusive German Govt Expects Inflation To Surge To 2 9 In
URL: https://business.express/exclusive-german-govt-expects-inflation-to-surge-to-2-9-in-2021-source/

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BERLIN (Reuters) – The German government expects consumer price inflation to surge to 2.9% this year and ease to 2.2% next year, a source told Reuters on condition of anonymity.

In its updated economic forecasts, the government expects inflation to ease further to 1.7% in 2023, the source said. The figures compare with a consumer price inflation of 0.6% in 2020.

Economy Minister Peter Altmaier will present the updated economic forecasts during a news conference on Wednesday. A spokesperson for the Economy Ministry declined to comment.

(Reporting by Holger Hansen; Writing by Michael Nienaber; Editing by Riham Alkousaa)


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