# Exclusive-German govt expects inflation to surge to 2.9% in 2021 – source
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2021-10-26
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: German government predicts inflation to surge to 2.9% in
Meta Description: Get the latest update on Germany's economic forecasts and inflation projections for the coming years. Stay informed with Reuters.
URL: https://financedigest.com/exclusive-german-govt-expects-inflation-to-surge-to-2-9-in-2021-sourcehtml

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BERLIN (Reuters) – The German government expects consumer price inflation to surge to 2.9% this year and ease to 2.2% next year, a source told Reuters on condition of anonymity.

In its updated economic forecasts, the government expects inflation to ease further to 1.7% in 2023, the source said. The figures compare with a consumer price inflation of 0.6% in 2020.

[Economy Minister Peter Altmaier will present the updated economic forecasts during a news conference](https://www.financedigest.com/seminal-token-economy-conference-token-summit-iii-sells-out-upon-its-return-to-nyc.html "Seminal Token Economy Conference, Token Summit III Sells Out Upon Its Return to NYC") on Wednesday. A spokesperson for the [Economy Ministry](https://www.financedigest.com/german-economy-expected-to-skirt-recession-economy-ministry-report.html "German economy expected to skirt recession – economy ministry report") declined to comment.

(Reporting by Holger Hansen; Writing by Michael Nienaber; Editing by Riham Alkousaa)


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