“This means inflation is likely to fall again in the coming months. In August, it should drop below 2 percent for the first time since March 2021,” said Timo Wollmershauser, head of forecasts at ifo.
In the manufacturing and wholesale sectors, more companies plan to raise their prices compared to the previous month. Price expectations in manufacturing climbed to 7.6 points from 6.0 points, while in wholesale, they rose to 11.2 points from 7.8 points.
ALCHEMPro News Desk (DP)
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