Price developments for food, hotels and restaurants: Financial expert analyzes rising and falling prices

Price developments for food, hotels and restaurants: Financial expert analyzes rising and falling prices

According to a report by amp2.wiwo.de, customers of consumer-related companies in Germany have to prepare for rising prices. This applies in particular to food, drinks, hotel accommodation and catering. Price expectations for these sectors rose in January, while they fell for retail. Inflation will therefore only fall slowly in the coming months, according to the Ifo Institute. Prices for imported agricultural goods have also risen, while German import prices fell by an average of 8.3 percent last year.

From a financial expert's point of view, the forecast is that the rising price expectations for consumer-related companies mean an increase in inflation in Germany. This could lead to higher living costs for consumers and have a potentially negative impact on consumption and economic growth. The ongoing Corona crisis and geopolitical uncertainties could exacerbate this development. At the same time, falling import prices could have a positive short-term impact on production costs and the competitiveness of German companies. However, the upheavals caused by the Russian war against Ukraine and the Corona crisis also pose risks for the long-term stability of international trade relations. It is important to closely monitor developments in the inflation rate and trade relations and make appropriate adjustments in investment and financing strategies.