Germany: Core inflation dynamics might remain strong for now – Deutsche Bank
29.11.2022, 16:45

Germany: Core inflation dynamics might remain strong for now – Deutsche Bank

Preliminary data released on Tuesday showed a larger-than-expected decline in annual inflation in Germany to 10%. According to Sebastian Becker, Senior Economist at Deutsche Bank, the downward surprise is largely explained by the unexpected energy price drop. He warns that core inflation dynamics might remain strong for now.

Key Quotes: 

“Today's downward CPI surprise has further nourished hopes that the inflation peak might be near (or could already be behind us). However, we reckon that the lower-than-expected November print for the year-over-year CPI inflation rate can be largely attributed to the unexpected drop in the CPI energy price component (and not ebbing core inflation dynamics). Although lower crude oil prices and a stronger EUR exchange rate might help further to tame energy price inflation in the near to medium term, we believe that electricity and gas prices might still climb considerably further – and hence might be only dampened more substantially once the "energy price brakes" take effect in early 2023.”

“Moreover, in our opinion core inflation dynamics might remain strong in the foreseeable future as companies might still have to pass over significant parts of their higher input costs to their customers.”

“Overall, we expect the CPI inflation rate (annual average) to reach a high 8.1% in 2022 before easing to around 7.5% in 2023 and 3.8% in 2024. That said, we expect that the introduction of the "energy price brakes" for gas, district heating and electricity in early 2023 are set to considerably dampen household energy prices and hence headline inflation.”

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik