Germany’s Inflation Likely to Remain High for Another Two Years, Economist Says

The German inflation is likely to remain high until the end of 2024 as the country’s companies pass on the rise in their costs to the customers and some doing so very heavy-handedly, warns the government’s senior economic aide. “Inflation will also be an issue in 2024, and only thereafter will we maybe see it returning to 2%,” Monika Schnitzer, who heads the council of economists that advises the German government, was quoted as saying on Saturday. “Inflation is remaining high because we are seeing second round effects, with companies passing on their higher costs – and some significantly exaggerating,”…