Ifo institute sees German inflation slowing to 2-2.5% in 2022
BERLIN (Reuters) - German inflation is expected to slow to 2% to 2.5% in 2022 from an estimated 3% this year, the Ifo economic institute said on Wednesday.
"One-off effects will disappear at the start of 2022 as the year-earlier value-added tax cut ends and energy prices reach pre-crisis levels," Ifo chief economist Timo Wollmershaeuser said in a statement.
(Reporting by Maria Sheahan; Editing by Riham Alkousaa)
© Copyright Reuters Ltd. All rights reserved. The information contained in this news report may not be published, broadcast or otherwise distributed without the prior written authority of Reuters Ltd.