Business Costs Continue: Consumers Face Rising Prices From Expensive Energy
7 Articles
7 Articles
The escalating conflict in the Middle East is causing oil prices to rise significantly, and this is not only felt by drivers at the petrol stations. Ifo's CEO expects energy suppliers to increase their prices as well.
Increasing energy costs put pressure on companies. Many want to pass on the higher expenses to customers. The Ifo Institute expects an inflation rate of more than three percent.
The price expectations of companies in Germany increased in September. According to the Ifo Institute, this trend was seen in almost all sectors – including retail.
In September, a little more companies planned to increase their prices. Ifo price expectations rose slightly to 22.7 points, from 21.4* in August. This indicates that the increased energy prices are increasingly being passed on to the selling prices. "Sprite and heating oil have already become noticeably more expensive, in winter the energy suppliers are expected to raise the prices of electricity and gas. {/mprestriction} At the same time, the …
Increasing petrol, electricity and food prices are expected to drive inflation above the 3% mark this month, says the Ifo Institute. Companies pass the increased energy prices to customers.
The proportion of German companies planning to raise prices rose slightly in September. The ifo price expectations index rose to 22.7 points from 21.4 points in August. The development shows that higher energy costs are increasingly being passed on to sales prices. "Fuel and heating oil have already become noticeably more expensive, while energy providers are expected to increase electricity and gas prices this winter. At the same time, price pr…
Coverage Details
Bias Distribution
- 100% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
