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Inflation in Deutschland – eine empirische Bilanz

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  • Erbe Susanne

Abstract

Measuring and explaining inflation is of great importance for political and economic decision makers. Various price indices are compiled at the national and European level, some of which show significantly different price trends due to their different focuses. The sharp rise in inflation rates since 2021 is primarily due to supply-side factors, in particular the sharp rise in energy prices. This is illustrated by the differences in the development of the VPI and core inflation. The price brakes on gas and electricity in particular have had a direct dampening effect on inflation, while the ECB’s restrictive policy has had a more indirect effect. Although the inflation rate has fallen significantly by now, price pressure could come from a tightening of free trade due to increasing protectionism in the long term.

Suggested Citation

  • Erbe Susanne, 2024. "Inflation in Deutschland – eine empirische Bilanz," Wirtschaftsdienst, Sciendo, vol. 104(12), pages 867-870.
    • Handle: RePEc:vrs:wirtsc:v:104:y:2024:i:12:p:867-870:n:1016
    DOI: 10.2478/wd-2024-0221
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    1. Gökhan Ider & Alexander Kriwoluzky & Frederik Kurcz & Ben Schumann, 2024. "Geldpolitik in Zeiten der Energiepreiskrise: EZB hätte Inflation frühzeitiger eindämmen können," DIW Wochenbericht, DIW Berlin, German Institute for Economic Research, vol. 91(42), pages 657-663.
    2. Mai, Christoph-Martin & Egner, Ute, 2023. "Analysen zur Revision 2023 in der Verbraucherpreisstatistik," WISTA – Wirtschaft und Statistik, Statistisches Bundesamt (Destatis), Wiesbaden, vol. 75(4), pages 17-33.
    3. Wolfgang Nierhaus, 2024. "Realwert des Bruttoinlandsprodukts und Terms of Trade: Ergebnisse für das Jahr 2023," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 77(02), pages 61-66, February.
    4. Wolfgang Nierhaus, 2006. "Zur gesamtwirtschaftlichen Preisentwicklung," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 59(03), pages 28-31, February.
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    More about this item

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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