# Exclusive-German govt expects inflation to surge to 2.9% in 2021 – source
Author: Pal sinha, Barnali
Author URL: https://startupobserver.com/author/pal-sinha-barnali/
Published: 2021-10-26
Category: News
Category URL: https://startupobserver.com/category/news/
Meta Title: German Government Forecasts 2.9% Inflation Surge This Year
URL: https://startupobserver.com/exclusive-german-govt-expects-inflation-to-surge-to-2-9-in-2021-source/

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BERLIN (Reuters) – The German [government](https://startupobserver.com/german-government-plans-supplementary-budget-for-2024-bild-says/) expects consumer price [inflation](https://startupobserver.com/greek-eu-harmonised-inflation-rises-to-3-5-y-y-in-july/) to surge to 2.9% this year and ease to 2.2% next year, a source told Reuters on condition of anonymity.

In its updated economic forecasts, the government [expects](https://startupobserver.com/lufthansas-eurowings-sees-positive-operating-result-in-fy-23/) inflation to ease further to 1.7% in 2023, the source said. The figures compare with a [consumer](https://startupobserver.com/essity-mulls-selling-vinda-stake-and-consumer-tissue-private-label-europe-business/) price inflation of 0.6% in 2020.

Economy Minister Peter Altmaier will present the updated economic forecasts during a news conference on Wednesday. A spokesperson for the Economy Ministry declined to comment.

(Reporting by Holger Hansen; Writing by Michael Nienaber; Editing by Riham Alkousaa)


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