Germans’ Inflation Expectations Surge Above 3%, Bundesbank Finds
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Germans are bracing for a surge in inflation far above the goal the European Central Bank tries to achieve across the 19-nation euro zone.
Consumers in Europe’s largest economy predicted in December that price gains would average 3.1% over the next 12 months, according to a survey conducted by the Bundesbank. That’s the highest level since the institution started asking 2,000 individuals in April about their views on prices, interest rates and other economic variables.