GBP Monitor October

Energy-Intensive Companies Plan to Increase Prices by an Average of 17 Percent during the Next 12 Months

The October report of the German Business Panel (GBP) shows: Companies in Germany are expecting a persistently high inflation of more than 10 percent for the following year. This has considerable effects on the companies’ pricing. Companies from energy-intensive industries, in particular, are planning to substantially increase their prices – on average by 16.7 percent. The companies’ expectations of a higher inflation thus fuel the actual inflation.

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