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German Finance Minister Christian Lindner expects inflation in the country with Europe’s largest economy to drop this year to 7 percent and to continue to decline in 2024 and beyond, but he expressed his belief that higher energy prices will become the new reality.
“The target level (for inflation) remains at 2 percent. This should be the highest priority for the European Central Bank and the German government,” Lindner said in a press interview with Bild newspaper, published on Sunday, January 1, 2023.
After rising energy prices in Germany following Russia’s invasion of Ukraine and shrinking Russian energy exports rose year-on-year, inflation eased slightly in November to 11.3 percent from 11.6 percent in the previous month.
