German business plans to raise prices on holidays
2022.11.29 03:14
German business plans to raise prices on holidays
By Ray Johnson
Budrigannews.com – According to a survey conducted on Tuesday, nearly all retailers in Germany that sell food, toys, and stationery intend to raise prices in preparation for the Christmas shopping season.
According to the Ifo economic institute’s survey, toy retailers’ price expectations particularly increased significantly in November, rising to 94.4 points from 75.4 points the month before.
On the survey barometer, food retailers, stationery stores, drugstores, and clothing manufacturers all scored above 90 points. On the other hand, the paper industry fell into negative territory, indicating that it is preparing for lower sales prices.
The percentage of businesses that intend to increase prices overall is shown by the points;on the off chance that all organizations overviewed plan to increment costs, the equilibrium would be in addition to 100 places.
Ifo, which does not inquire about the amount of the planned price changes, stated that retail is planning fewer price increases overall, with the index at 50.6 points, down from 62.4 points the previous month.
Ifo found that the construction industry, service providers, and manufacturing sector are also less likely to plan price increases in comparison with the previous month.
