Germany’s finance minister sees 2023 inflation at 7% ...Middle East

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Germany’s finance minister sees 2023 inflation at 7%
source : Daily Sun ( Middle East ) () 24
BERLIN: Germany's finance minister expects inflation in Europe's biggest economy to drop to 7% this year and to continue falling in 2024 and beyond, but believes high energy prices will become the new normal.“The target remains 2%. This must be a top priority for the European Central Bank and the German government,“ Christian Lindner said in an interview with Bild newspaper published on Sunday.Pushed by spiking energy prices following Russia's invasion of Ukraine and falling Russian energy exports, Germany's year-on-year inflation has slowed slightly in November to 11.3% from a high of 11.6% the month prior.Lindner said Germany needs an “unbiased” energy policy in order to keep industry tick

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