The Bundesbank expects German inflation to rise to 5% temporarily

The Bundesbank expects a sharp rise in the inflation rate in Germany compared to its current levels due to the reduction of value-added tax during the previous year.

The bank stated in its monthly report issued today, Monday, that “from today’s perspective, it is likely that inflation rates during the period from this September until the end of the year will range between 4 and 5%.”

At the same time, analysts expect the inflation rate to decline significantly at the beginning of next year, but it will remain above 2% until the middle of the year.

The central bank said Germany’s economy has continued the recovery it started last spring, but at a faster pace. In general, it is possible that Germany’s economic output will grow stronger during the third quarter of this year than it was last spring, according to “Al-German”.

At the same time, the central bank does not expect the economy to return to pre-coronavirus levels this summer, due to the difficulties it is facing on the supply side in the industry.

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