German government forecasts 2022 inflation at 3.3%
Reuters
Published Jan 21, 2022 15:57
Updated Jan 21, 2022 16:12
BERLIN (Reuters) - The German government expects inflation to reach 3.3% on average this year, after skyrocketing to 3.1% in 2021, according to a draft of the annual economic report seen by Reuters.
The government is still forecasting core inflation, excluding increases in food and energy prices, to be at 2.5% in 2022, said the draft.
The cabinet is expected to adopt the draft on Wednesday.
(The story corrects inflation rate in headline to 3.3%, not 3.1%)
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Written By: Reuters
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